New JCPenney (JCP) Execs Have Gall to Remake Office Space with Luxury Items
It's almost like someone at JCPenney (NYSE: JCP) personally wronged a NY Post reporter at this point.
According to the Post, JCPenney CEO Ron Johnson might be aiming to turn around the retailer, but that doesn't mean he can't do it in style. Sources said that Johnson sports a "swanky" office with walk-in closet as many top execs still work in cramped cubicles.
Johnson has also bestowed workers brought over from Apple (Nasdaq: AAPL) with a similar level of luxury. Some former Apple employees are said to have requested that PCs be replaced with Macs and that they be given iPads. Others have complained that there are synching problems between the different operating systems that the IT department isn't equipped to fix.
It was already reported earlier in the week that the newest executives at JCPenney largely live elsewhere in the country, needing a plane ride to get back and forth to Texas. One spokesperson for JCPenney said that executives generally are out an about anyway, visiting shops and meeting with current and prospective clients, so the point really is a moot one.
Most executives who don't live in the area are also said to stay at the Dallas Ritz-Carlton.
JCPenney is said to have sent an email to Post<.i> saying that no new offices are being built and no new furniture is being bought. The company is looking to flatten the hierarchical structure at its Plano, Texas, headquarters.
It's not clear whether some of the office upgrades were made with personal or company funds. A mix of both might be expected.
JCPenney is flat in early trading Friday.
According to the Post, JCPenney CEO Ron Johnson might be aiming to turn around the retailer, but that doesn't mean he can't do it in style. Sources said that Johnson sports a "swanky" office with walk-in closet as many top execs still work in cramped cubicles.
Johnson has also bestowed workers brought over from Apple (Nasdaq: AAPL) with a similar level of luxury. Some former Apple employees are said to have requested that PCs be replaced with Macs and that they be given iPads. Others have complained that there are synching problems between the different operating systems that the IT department isn't equipped to fix.
It was already reported earlier in the week that the newest executives at JCPenney largely live elsewhere in the country, needing a plane ride to get back and forth to Texas. One spokesperson for JCPenney said that executives generally are out an about anyway, visiting shops and meeting with current and prospective clients, so the point really is a moot one.
Most executives who don't live in the area are also said to stay at the Dallas Ritz-Carlton.
JCPenney is said to have sent an email to Post<.i> saying that no new offices are being built and no new furniture is being bought. The company is looking to flatten the hierarchical structure at its Plano, Texas, headquarters.
It's not clear whether some of the office upgrades were made with personal or company funds. A mix of both might be expected.
JCPenney is flat in early trading Friday.
