I work there...it still will be a family store once Ullman can tackle all he has to tackle to turn it around...it took Johnson 18 months to hurt this company...and bring in his liberal mindset...it’s going to take a little time to root that out.
I’m certain Ellen has a contract, which they will determine how to get out of that hopefully soon.
BTW HE didn’t just walk out...he was fired! And he knew from the get go he couldn’t loose even if fired.
Not uncommon these CEO’s walk out ok...but Johnson lost a whole heap in stocks etc.
I work there...it still will be a family store once Ullman can tackle all he has to tackle to turn it around...
I hope you are right that it turns around. My husband only buys his underwear (Stafford) from Penney’s. (Sorta like rainman)