JCPenney CEO Ron Johnson has taken a lot of heat for his performance thus far at the ailing department store chain.
The criticisms just keep coming.
James Covert at The New York Post spoke with a bunch of sources involved with JCPenney and they didn't hesitate to slam Johnson and his team.
They said that Johnson rarely spends a full work week at the JCPenney headquarters.
"He’s there four days a week, if that much,” a source told The New York Post.
Johnson commutes to JCPenney's Plano, TX headquarters from his home in Palo Alto, CA.
He takes a company jet and stays at the Ritz-Carlton hotel in Dallas, according to the Post.
His schedule leaves others wondering what he's doing all week.
“What does [Johnson] do the rest of the time?” a former exec said to the Post. “If he’s doing this huge transformation, why isn’t he there 12 hours a day helping everybody get things done?”
We're sure that Johnson is working around the clock to bring JCPenney back to its former glory, whether he's inside or outside the office. After all, his job and reputation are on the line, and he's a professional businessperson.
And whatever you think of the effectiveness of JCPenney's transformation, the team there has made a spectacular amount of changes in a very short period of time. That requires a whole lot of work from everyone, including the people at the top.
But physical presence does matter. A constantly present leadership figure would help with morale, especially inside a company that has taken so many hits lately.
Work at JCPenney HQ? Shoot me an email at email@example.com.
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