J.C. Penney Co. chief executive officer Ron Johnson, who is struggling to overhaul the department-store company, risks making his task harder by hiring at least nine key executives who live a plane ride away.
Johnson, 54, and executive vice presidents Ben Fay and Laurie Miller commute from California to the retailer’s headquarters in Plano, Texas, said three people with direct knowledge of the situation. Chief creative officer Michael Fisher and senior design and trends executive Nick Wooster fly from New York, while construction executive Bob Laughrea commutes from Boston, said the people, who asked not to be identified, citing agreements with the company. The company pays for the commutes, they said.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
