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.
Quite the incentive!!
Participation trophies have hit the big leagues.
Sounds like a similar business model used by NFL franchise owners.
I’m glad I stopped shopping at JC Penny years ago.
For the record: I would resign or get fired for half that.
They should put that money into producing QUALITY MATERIALS like they used to.