Dec. 2017

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By Erik Heller |   0 comments

read more here “I just thought it was odd,” said the former stockroom supervisor. Penney’s headquarters, commuted weekly by private jet from the west coast and stayed at the glitzy Ritz Carlton hotel in Dallas all paid for by the ailing retailer. Penney store employee in California explained to HuffPost that after the closing shift, workers would be corralled to view the broadcasts on a television. Supervisors would watch the address first, since there would usually be a special announcement for management. The broadcasts were videotaped, and most of the time they would be viewed in a training room or conference room. Penney Chief Financial Officer Ken Hannah stepped in and started talking about the company’s balance sheet and stock price, in an attempt to reassure workers that everything was healthy. Workers were baffled, the California store employee said.

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