Things have been rough for JCPenney, there’s no doubt about it. Just recently it got ditched by Caribou Coffee and had to promise not to sell Martha Stewart designs it’d already ordered because of a fight with Macy’s. It seems the retailer knows it, as the company admitted in its annual report that its resurgence “may take longer than expected,” and also that its efforts to remake itself might not even work. [More]
sob stories
How A CEO Can Live On $500K A Year
By 2.10.09
Private school: $32,000 a year per student. Mortgage: $96,000 a year. Co-op maintenance fee: $96,000 a year. Nanny: $45,000 a year. We are already at $269,000, and we haven’t even gotten to taxes yet.
