J.C. Penney hasn't been doing too well lately, cutting over 20,000 jobs as the venerable retail firm struggles with bad decisions and the current harsh retail climate. Not to worry, though, top company executives have got things covered, though
it takes them some time to get to the ol' office:
Johnson and executive vice presidents Ben Fay and Laurie Miller commute from California to the retailer’s headquarters in Plano, Texas, said three people with direct knowledge of the situation. Chief Creative Officer Michael Fisher and senior design and trends executive Nick Wooster fly from New York, while construction executive Bob Laughrea commutes from Boston, said the people, who asked not to be identified, citing agreements with the company. The company pays for the commutes, they said.
Hmm. Three live in California, two in New York, and another in Boston. Clearly those liberal-state high taxes aren't quite decimating the ranks of the jahbgiver class just yet.