JCP - CFO Ken Hannah at BofA Conference
J.C. Penney CFO Ken Hannah presented at the Bank of America Merrill Lynch Conference on Wednesday, and provided an update for investors ; here are some of the key quotes from the presentation, along with some of my thoughts: Management - "I'm not resigning; Ron's not resigninga Ron and I are not going to go hide; we're going to tell you what we're ... (more)
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#1 Mar 15, 2013
Wow, what a spin, what a bunch of cow paddies sprinkled with some numbers, "We went after every non-core asset that we had on the balance sheet and said ‘how do we make sure we fund this transformation internally?", so this must include all those employees as everything falls apart and is the easiest source for money. I guess they are not going anywhere, not with this perks and salaries. Why would anyone with talent work for this company, "Ron and Ken sitting in a tree, S,A,W,ING"... off the tree limb they are both sitting on.
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