Skip to comments.Ritz crackpot - CEO stays in luxe hotel while (JC) Penney flounders
Posted on 02/11/2013 8:05:55 AM PST by abb
JCPenney CEO Ron Johnson is mounting a radical overhaul of the flailing department-store chain but that doesnt mean hes stuck at the office on nights and weekends.
Over the past year, the former Apple exec only rarely spends a full work week at the retailers headquarters in Plano, Texas, sources told The Post.
Hes there four days a week, if that much, according to one source close to the company.
Commuting on a company jet from his home in Palo Alto, Calif., sources say Johnson stays during the week at Dallass swanky Ritz-Carlton hotel a perk subsided by the company.
Thats in sharp contrast to Penneys two previous CEOs, Allen Questrom and Mike Ullman, who took up permanent residence in Dallas and consistently worked long hours at the office.
What does [Johnson] do the rest of the time? one former exec asked. If hes doing this huge transformation, why isnt he there 12 hours a day helping everybody get things done?
Penney officials didnt respond to requests for comment yesterday.
Johnson isnt the only one skirting face time, sources said. Hundreds of workers at the Plano headquarters have begun showing up later for work and clocking out earlier, sources said.
They used to be in the office at 7:30 in the morning, and theyd be calling you to get things done, said an executive at one major Penney supplier. Now, theyre rolling in at 8:30 or 9. If I got a 9:30 meeting with them, Id be shocked.
Instead of leaving at 5 or 5:30 p.m., sources said, the same workers now are routinely leaving at 4:30 despite being saddled with more work in the wake of thousands of firings since Johnson took the helm in 2011.
(Excerpt) Read more at nypost.com ...
Yeah, must be fun to work for liberal haters...
He has the Obama mentality. Fiddle while Rome burns. I firmly believe this is the wave of the future. Hard work ethics are dying while “slackerdom” takes over. It proves that GayC Penney has no future so he’s enjoying the perks while he has them.
And while it did credit Johnson for causing the company to fail it made no mention of the pro-gay direction he has taken the company.
So he gets to live in CA. commute weekly on the corporate jet and live in the Ritz during the week. A nearby Marriott Residence Inn or similar is too beneath this CEO cretin who produces pee poor results for JC Penney? He should be living in the DFW area as a requirement for a highly paid CEO. His ash should be canned and pronto.
private jets and swanky hotels while his company collapses... liberals must love him
OH! those EVIL RICH./s
I know, right? Go figure.
I’ll also add that his only crime is not being a crooked banker. Those guys get a free pass as a matter of course.
Seriously, who cares? If you are not a shareholder or employee of Jacque Penne, how does affect you? I don’t shop there, so if this jerk weed is living high on the hog, he is doing so without my money.
It is my same position about pro athletes making a bazillion dollars. I don’t buy tickets, and they cannot take my money by force. (Of course, tax subsidized stadiums are a whole ‘Nuther thang)
Yeah, going from one of the most liberal areas of the country to one of the most conservative probably pissed a lot of them off.
Back in that period I wasn't particularly attuned to the liberal/conservative aspect of it. My impression of their reluctance to move had more to do with leaving an area where they were well established in terms of family, professional contacts, etc.. One guy was the mayor of Co-Op City, a high rise complex on the outskirts of NYC. He didn't move to Plano.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.