I see no problem with top execs getting big money and perks like jets. Laying off employees is like trimming the fingernails but cutting back the CEO is a beheading. Which will kill JCP quickest? Let management manage however they see fit. They don't want to fail either.
WELL JUST FOR EVERYONE TO KNOW. MACYS IS NOT THAT FAR FROM DILLARD'S FOR MORALE. AND WONDERING IF YOU WILL BE THE NEXT TO LOSE YOUR JOB. SOME QUIT, AND SOME WAIT IT OUT UNTIL THEY ARE LET GO.
This kind of travesty needs to be reported widely. This guy & others like him are the epitome of greed, arrogance and narcissism.
That's not very green of them.
All you can hope for is a mid air collision, then they can try it again as J.C.Penney use to be a good store. They did cancel my credit card when I got one payment behind on my Mortgage payment, got caught up on the mortgage payment but won't bother with J.C.Penney Card!
He can do whatever he wants...it's a private company. Our President and wife fly all over the place on taxpayer $$$$ while unemployment is higher now than when he took office 4 years ago AND he has added 6 TRILLION $$$ to the debt . Now THAT'S annoying !!!!!
Think. Unemployment is lower now. this story is about JCPenny not the President Where were you when the Bushes spent more time at his ranch than at the W.H.
Go ask Mommy why the President flies in airplanes. Then go ask John Boehner why he spends so much money on Social Security, Medicare and defense.
This should surprise no one who's even remotely familiar with corporate America and the executives that are running their companies into the ground. Apparently these idiots have an inflated sense of entitlement.
Meanwhile, the stores are going down the drain. That is what you get when you pay CEO's outrageous salaries and let computers hire your employees.
Don't worry...if the powers that be get smart and fire this guy...he'll walk away with a multi-million dollars 'separation' package!Why don't companies...any companies, look to hire executives with proven, 'positive' track records in their field, utulize 'common sense', and work for the company's and it's employees best interests and not their own!!!!!!
A couple months ago I was at the mall and I needed some thermal long johns, JCP had a pack with 1 shirt in it for $17. I went on my Amazon app standing right there and found the same thing for $9. Don't support this guy