If given the choice , should JC PENNEY fire 900 laborers at JC PENNEYS or FIRE ELLEN and/or remove the 53 million dollar President ?
Since the 900 labor force is likely paid at 33K a year on average , for every million dollars that would be 30 employees - so it would take 30 million to SAVE these 900 employees .
With a work force of 159,000 , firing 900 employees may not be such a bold move , but who should be the first to feel the hit ? The loyal employees or the new fat cat . Do you think Ron Johnson would take a shave off his 53 million ? Could JC PENNEYS do without the overpaid spokeswoman ELLEN ? How much is she being paid ?
"Could JC PENNEYS do without the overpaid spokeswoman ELLEN ? How much is she being paid ?"
Actually, JCP's customers (1,000,000 women) warned JCP they would quit buying at JCP stores if Ellen was hired, but JCP management decided it would be more prudent to toss 1,000,000 customers and hire Ellen anyway. Maybe they should fire Ellen and the CEO.
What mgnt fails to understand is the fact that roughly 10-20% of the pop. is gay, don't understand them irking 80% or better of the pop. with this Ellen appt. The gay pop. isn't big enough to support the sales lost from the straight crowd. It was a dumb move, glad I am not a shareholder.
What you are missing is not just what Ellen is being paid, but what all those involved in her employ are. What is happening here is a classic case of people siphoning off money and bleeding it dry by those in control to their friends. All this under the guise of trying to create a better company. Complete, and utter falsehood. JCP is dead. Done. Finished. All that's missing is the tombstone.
I'm afraid I have to agree with Allnight. Pershing Square, Vornado, executive management, et al are going to turn this company upside down and shake every last nickle out of it until it's an empty shell. Walking away with their profits for their funds and themselves.