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In addition to all of J.C. Penney's (JCP) other problems, the retailer is facing lawsuits worth...

In addition to all of J.C. Penney's (JCP) other problems, the retailer is facing lawsuits worth millions of dollars from contractors over its failure to pay for store upgrades. While the sums involved are relatively small, the litigation appears to provide further insight into the operational state that JCP had fallen into under ousted boss Ron Johnson and the task that new CEO Myron Ullman has taken on.
Comments (8)
  • briar1227
    , contributor
    Comments (4) | Send Message
    Thursday, 4-25. Workers walked off the job, approx 2:00 pm. They had'nt been paid. Dont blame them a bit. Management had a meeting friday saying there was a paper work error, not to panic or listen to the media, lol. Theres plenty of money and the workers will be back. But it may be a while because these things take time. What Ever!
    28 Apr 2013, 08:32 AM Reply Like
  • bakmanone
    , contributor
    Comments (39) | Send Message
    No work at our store over the weekend, either. Someone said it was "Union" problems. Who knows?
    28 Apr 2013, 08:50 AM Reply Like
  • mike8599
    , contributor
    Comments (583) | Send Message
    destroyed by Ackman?
    28 Apr 2013, 10:50 AM Reply Like
  • solnascente
    , contributor
    Comments (16) | Send Message
    Still surprises me that it took this long for the board of directors to realize that Mr. Johnson was going through JCP's money like there was no tomorrow.
    Who was supposed to be supervising all his spending??
    28 Apr 2013, 02:05 PM Reply Like
  • dbrbys
    , contributor
    Comments (4) | Send Message
    ill bet they didnt forget to pay martha!!!!!!!!
    28 Apr 2013, 02:29 PM Reply Like
  • Yokyok
    , contributor
    Comments (325) | Send Message
    clawback some of the money they paid that idiot
    28 Apr 2013, 10:16 PM Reply Like
  • ldeaster
    , contributor
    Comments (85) | Send Message
    I really want this job of CEO in going into this crazy atmosphere @ jcp and having fun turning this mess around, with wild customer centric tools
    30 Apr 2013, 12:48 PM Reply Like
  • mike8599
    , contributor
    Comments (583) | Send Message
    did you submit a resume?
    30 Apr 2013, 03:14 PM Reply Like
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