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To say this week has been brutal for J.C. Penney shareholders seems a massive understatement. The stock has lost more than 30% since Monday, when I pointed out that the struggling retailer was ...
[citation needed] An internal report by the agency's Inspector General cited "ineffective management" as the cause and indicated that the IRS "will need to do more so that the public has reasonable assurance that applications are processed without unreasonable delay in a fair and impartial manner in the future."
The report "is the latest evidence the agency does not care about taxpayer privacy despite an enormous infusion of taxpayer funds," according to Americans for Tax Reform. "The IRS is failing ...
JC Penney "To lure the new type of customer (20- and 30-somethings) that this CEO was aiming for takes a slow steady plan, not a leap off the high board like he did," chimed in reader Richard ...
The report was criticized by Rep. Cummings as "cherry-picked" to support a political narrative. [155] [156] [157] The report did not link the IRS's conduct to coordination with the White House, [158] though Republicans stressed that the investigation is ongoing and will continue in the next Congress. [156]
After 17 months on the job, J.C. Penney last week showed CEO Ron Johnson the door after the former Apple executive failed to turn sales around at the nationwide department store. While much of the ...
The JCPenney mother store in Kemmerer, Wyoming. In 1898, Penney began working for a small chain of stores in the Western United States, called the Golden Rule stores.In 1902, owners Guy Johnson and Thomas Callahan, impressed by his work ethic and salesmanship, offered him a one-third partnership in a new store he would open.
By Ira Kalb, Marshall School of Business, USC JC Penney (JCP) has just reported even worse results for their second quarter than they had during their first quarter under new CEO Ron Johnson.