I doubt a quick resolution. Tea-baggers are focused on a narrow agenda.Their aim is to reduce the amount the government spends and will stand fast no matter what until they win. They don't care about anything else, thus compromise for the sake of a majority or other interests is not forthcoming. I think suicide bombers have the same zeal. The difference is that tea-baggers are elected, mostly rich and inexperienced while suicide bombers are poor, stupid and young.
Not a chance for a take-over. Management implemented golden ("diamond-studded, platinum") parachutes for itself last August to protect against take-overs. Any business targeting JCP will suddenly fail burdened by both JCP debt and obligations to management.
Just another large "me too" chain-store in a crowded field dedicated to selling mid-price goods to a shrinking middle class.But JCP is too asset-based and inefficient in today's market. Sometimes, its important to recycle assets and people from tied-up in failing businesses so that more efficient businesses can progress. The earlier the better, not only for JCP but its investors, creditors, employees, suppliers and customers. The first shoe has fallen, not for the second.....
If Mighty Mouse could save the town from the Jamestown flood, he should be able to save JCP. Too bad we got Mickey instead.
The news two weeks ago is that JPC will require some of its sales staff to wander around the store in Disney costumes sprinkling fairy dust on the customers. At least management recognizes that its present sales and service is insufficient to meet the present market. Given that the mall-based Disney stores have have been proved a failure, having cartoon characters at JCP with or without fairy dust will stimulate sales, the work-horse for a department store. I wonder how much will JCP have to pay Disney for its intellectual property?
Mr. James A. Rubright , 66
Chairman, Chief Exec. Officer and Member of Exec. Committee 3.67M 0.00
Mr. Steven C. Voorhees , 59
Pres, Chief Operating Officer and Director 1.13M 2.06M
Mr. Robert B. McIntosh , 52
Exec. VP, Gen. Counsel and Sec. 728.00K 0.00
Mr. Michael E. Kiepura , 57
Pres of Consumer Packaging & Recycling 1.28M 0.00
Mr. James B. Porter III, 62
Pres of Corrugated Packaging 1.50M 0.00
Because the more persons getting health care, the more money health-care industries will make. Watch PCYC jump at the end of the year. So simple.
Because the more persons getting health care, the more money health-care industries will make. Watch WAG jump at the end of the year. So simple.
An able Trustee would take the golden parachutes from present management, fire them without pensions and replace them with young, eager and energetic business folks who can show leadership, creativity and business sense. Lastly, he would change the name from JCP to JCD...."D" for dollar.
Customers may no longer have the income to support a middle-class life-style and that similar companies depending on a middle-class life-style may also suffer a similar future.
It would be cheaper to BR in order to reorganize then a buy-out which must assume all the #$%$ that's holding JCP back, including incompetent management that just approved a very expensive golden parachute for themselves. Golden Parachutes is management's way of saying to share-holders: "You are the suckers."