That story is based on the words of a JCP spokesman, one “Joey Thomas.”
Do you think Mr. Thomas reports to the JCP Board? That’s not what the story says. It says he’s “a spokesman for the Plano, Texas-based company.”
I would imagine that “Joey Thomas” or his boss reports to Ron Johnson.
In any event, I’ve never heard of a company stating publicly that they’re going to sh**-can their CEO while keeping him around to screw things up.
Maybe JCP’s “different.” You know, like Apple. “Think Different.”
I think this Joey Thomas spokesman for JCP will be earning his paycheck over the next several months (if he keeps his job). He’s going to be really busy.