When push comes to shove it looks like it will be cash flow that forces J.C. Penney (JCP -18.8%) to make dramatic shifts in strategy. The firm fell below its target of $1B in cash by the end of Q4 and had to stretch out vendor payments just to make $930M. Analysts pushing pencil to paper can't figure out how more investments in the shops strategy won't leave the retailer at or below $300M by the end of Q1. The ideas for a turnaround are varied, but most don't include letting Ron Johnson-palooza continue. [View news story]
crap, don't let yet another CEO run away with 56 million $ pay check. make the sucker stay on...though they should provide a form of humiliation with a demotion. will be interesting to see what happens. no one's accountable for anything.
When push comes to shove it looks like it will be cash flow that forces J.C. Penney (JCP -18.8%) to make dramatic shifts in strategy. The firm fell below its target of $1B in cash by the end of Q4 and had to stretch out vendor payments just to make $930M. Analysts pushing pencil to paper can't figure out how more investments in the shops strategy won't leave the retailer at or below $300M by the end of Q1. The ideas for a turnaround are varied, but most don't include letting Ron Johnson-palooza continue. [View news story]