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jill soltau twitter

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It awards bonuses totaling nearly $10 million to a group of its senior managers, including $4.5 million to CEO Jill Soltau. If you remember, 2019 was not exactly a stellar year for Penney so handing out rewards for “performance” that year is not exactly appropriate in the first place. Penney may be about to file bankruptcy but don't tell that to its executives who are getting a big If anything says what’s wrong with American business and its behavior in times of crisis, it would be hard to find a better example than what’s going on this week at JC Penney It has laid off or furloughed more than 80,000 of its employees and missed payments on two debt payment deadlines. She joined the company in 2007 as senior vice president and general merchandise manager over apparel and accessories, and served as executive vice president and chief merchandising officer before being named president in 2013.

Included in this group are CFO Bill Wafford, chief merchant Michelle Wlazlo and chief human resources officer Brynn Evanson, each of whom will get $1 million.

I do so as a regular contributor to Forbes.com, as well as The Robin Report, Progressive Business Media and other media, plus my own blog, stupidbusiness.com. It may also be stiffing its landlords for rent at some of its 800 or so stores.So what does it do with the little money it has left? Our compensation program is in line with those of other companies in similar situations and is aligned with milestone-based performance goals to continue incentivizing our team to drive results.”While the company defended its actions, to some it may still seem inappropriate. Jill began her retail career with Carson Pirie Scott, and has held senior leadership positions in merchandising, planning, and private brand management at Sears Holdings Corporation and Kohl’s Corporation.Soltau earned a Bachelor of Science degree in retail and business from the University of Wisconsin - Stout in Wisconsin. She joined the Company in October 2018 and developed the Company’s Plan for Renewal strategic initiatives focused on driving traffic, offering compelling merchandise, creating an engaging customer experience, fueling growth, and building a results-minded culture.Soltau has over 30 years of experience in the retail industry, previously serving as president and CEO of JOANN Stores, Inc., the nation’s largest fabric and crafts retailer. Each is already paid six and seven-figure salaries and Soltau herself took home an astounding $16,749,378 in total compensation according to the salary.com website. Jill Soltau Chief Executive Officer. It awards bonuses totaling nearly $10 million to a group of its senior managers, including $4.5 million to CEO Jill Soltau.
jill soltau twitter 2020