When your sales are plummeting, your stock price is down, and you’ve laid off 20,000 or so employees, is it really the smartest thing for a company chief executive to carry on with a jet-setting, high-living lifestyle? The author of this article about Ron Johnson, CEO at the beleaguered, Plano-based retailer JCPenney, doesn’t think so, if only for the symbolism’s sake.
Johnson, who never has relocated to the Dallas area, commutes between here and his Northern California digs in a private jet. And when he’s here in DFW, he reportedly hangs his hat at the super-posh Ritz-Carlton hotel in downtown Dallas. It’s enough to make you say: Hey, if you’ve got something against living in the community with your workers, Ron, there’s a perfectly good Homewood Suites near LBJ in the Park-Central area.