Stupid Company Tricks

I don’t know if JC Penney’s is salvageable.

I do know that any company that gives someone a clause like this when they hire him

Johnson will likely take a hefty paycheck with him. Recent regulatory filings show that he was guaranteed a $150 million payout if he resigned or was fired, Business Insider reports.

deserves to fail, and any Board that signs off on such a ridiculous package should be publicly flogged.

categories Biz, Makes Ya Barf, Morality | | datetime April 9, 2013 6:52 am

6 Responses to “Stupid Company Tricks”

  1. Fausta says:
    April 9, 2013 at 11:22 am

    Quite the incentive!!

  2. aelfheld says:
    April 9, 2013 at 12:53 pm

    Participation trophies have hit the big leagues.

  3. Gunslinger says:
    April 9, 2013 at 5:28 pm

    Sounds like a similar business model used by NFL franchise owners.

  4. JeffS says:
    April 9, 2013 at 8:58 pm

    I’m glad I stopped shopping at JC Penny years ago.

  5. Rob says:
    April 10, 2013 at 1:37 am

    For the record: I would resign or get fired for half that.

  6. Kate P says:
    April 10, 2013 at 8:45 pm

    They should put that money into producing QUALITY MATERIALS like they used to.

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