Someone needed to accept responsibility. The buck stops here.

Agree completely, Hankers.

Too bad the buck rarely stops where it clearly should. 

I expect he'll have a large payoff for going...

Umm, curious about something? Did the CEO even have a say, or was even aware of the details, in the decision to use substandard methods to protect their customers.  My wife works for Target and she is getting screwed out of hours because someone made the call to use some free software protection for security of a multi-million(billion?) dollar company.

While I don't mind seeing a CEO being forced to step down but I rather see the guy who made the decisions also canned. 

Doc.. I may be mistaken, But I think the reference to being screwed out of hours, refers to them reducing the hours offered to employees during a work week dropping them from let's say a 40 hour week to a 30- 20-10 5 hours week and running skeleton crews..

Many companies do this, stores typically have a monthly budget of hours for employees they can offer, when companies lose money they drop the number of hours the store has to offer the employees, typically they either fire some employees and keep the rest working full time.. or they reduce a proportionate amount of the employees weekly hours. The fat cat's rarely take the hit themselves for their screw-ups''... It's usually their employees who are barely scraping by who pay for it. Not to mention the consumer's who now get a lower standard of service due to understaffed stores.

You know the old adage.. shit rolls down hill...

We had a super that messed up and made a $15,000 mistake on a job we were working, they immediately laid off a few people deemed un-necessary and cut the rest of our crew down to full time with no chance of over time, we all griped about being "screwed out of hours" to cover the supers mistake. While we weren't actually being ripped off and our hours worked/ time cards weren't being altered, we felt screwed..

Why? because we typically would work 5 days a week at 10-12 hours a day getting 10+ hours of over time a week which helped cover the costs of being away from home for month's on end and to make it worth missing our family's.

Construction companies bid job's with a pre-estimated number of man hours figured in to the bid including over time etc. and get's paid for those hours by the Prime contractor whether or not we actually work the amount of hours bid. But when they reduced our hours available, the crew got paid less per week, yet had to perform the same amount of work faster and with fewer people to finish the job on time. (which in the construction industry can be hazardous if not fatal.) All so the company could keep the overtime and would not have absorb the loss internally.

Any hourly worker who's hours are cut to offset some higher-up's brainfart/store shrinkage: Ie theft/ etc.. will typically use the term "screwed out of hours" to describe their predicament. It is becoming an increasingly common phrase..

But yes if they are altering time cards etc.. that is against the law and actionable.

Large retail corporations typically pass the losses on to the employees and customers legally thru reduced hours and service.  I would almost doubt that a corporation of their size caught up right now in the midst of this scandal, would want to make such a legal blunder by forging/altering time cards, intentionally withholding employees pay or illegally reducing the hourly wage of the employees etc.. as a way to cover the losses...

So I surmised from past experience the intent of the phrase. "Screwed out of hours". to be a loss of hours available.. If the phrase used was "Screwed out of wages/pay" I would have been more inclined to think they were actually messing with payroll... 

Tho again..I could be mistaken..

Linked story in the OP says she got canned a couple of months ago.

I hope this trend continues.  Prior to this, it seemed the CEO's could royally screw their customer base, abuse the employees, etc., and get rewarded with multi million dollar golden parachutes.  As many posts above this one noted:  the buck stops with the CEO, that does not mean the money stops there, but real responsibility does.  Lets see more of this!  Goldman sachs is about to go under because they are gambling with client assets in the sub prime mortgage markets?  Fire the CEOS and try them for fraud. 

Starkers, you are hijacking this thread?  ARRGGGG.  Who do you think you are, a pirate?  Oh, never mind, your avatar looks like a pirate.  Opps, my bad.  :0   

What thread? starkers...who's he?

Cut it out ya fat Pyrate! 

Yar, I 'ijacked tha thread just a little... but only to create awareness so's peeple isn't caught wiv their pants down by them thar theivin' bankers n' lose all their booty t' tha bastards.  Fer mine, bankers 'd walk tha plank o'er shark infested waters, but they be so tainted tha plank 'd rot n' be useless fer further spectacles.  Not only that, sharks be tha oceans garbage disposal units and they keeps tha waters clean fer us... and us can't be wipin 'em out wiv a bout o' mass food poisonin', can us?

Oi, who be ye callin' a pyrate?  I be's a pirate fer yer infermashun... n' that'll be enuff o' that fat as well.  I'll 'ave ye know I've bin losin' it bit by bit, step by step... stagger, stagger, stagger.