J. C. Penney
J. C. Penney (JCPenney), based in Plano, Texas, is a large department store chain in the U.S. It has more than 1,000 stores throughout the U.S. and Puerto Rico. Besides its physical stores, it also conducts business through its catalogs and e-commerce. In 2004, it sold its Eckerd drugstores to The Jean Coutu Group and CVS. In 2006, J. C. Penney sold its controlling stake in the Lojas Renner chain in Brazil. [1]
Contents
Ad boycott against Air America Radio
J. C. Penney refused to advertise on the progressive Air America Radio. In October 2006, around 90 companies, including J. C. Penney, told ABC Radio Networks that they did not want their ads to play on radio stations that carried Air America Radio. [2] [3] [4]
Political contributions
J. C. Penney gave $176,650 to federal candidates in the 2006 election through its political action committee - 15% to Democrats and 85% to Republicans. [5]
Lobbying
The company spent $90,000 for lobbying in 2006. All of it went to the lobbying firm Hecht, Spencer & Associates. [6]
Personnel
Key executives and 2007 pay: [7]
- Myron E. Ullman III, Executive Chairman and Chief Executive Officer, $4,170,000
- Kenneth C. Hicks, Chief Merchandising Officer
- Robert B. Cavanaugh, Chief Financial Officer, $1,390,000
- Joanne L. Bober, Executive Vice President, $880,000
- Michael T. Theilmann, Chief Administrative Officer, $1,070,000
Selected J. C. Penney board members: [8]
- Leonard H. Roberts, Retired Chairman and Chief Executive Officer of RadioShack
- Burl Osborne, Member of the Executive Committee of The Associated Press
- Mary Beth West, President Kraft Foods North American Beverage Sector
Contact details
6501 Legacy Drive
Plano, TX 75024
Phone: 972-431-1000
Fax: 972-431-9140
Web: http://www.jcpenney.com
References
- ↑ J. C. Penney Profile, Hoovers, accessed August 2007.
- ↑ Marc Fisher, "Air America, in the Throes of Victory?", The Washington Post, December 10, 2006.
- ↑ "Air America on Ad Blacklist?", FAIR, October 31, 2006.
- ↑ "Air America Blackout", FAIR.org/ABC memo, October 25, 2006.
- ↑ 2006 PAC Summary Data, Open Secrets, accessed August 2007.
- ↑ JC Penney lobbying expenses, Open Secrets, accessed October 2007.
- ↑ J. C. Penney Key Executives, Yahoo Finance, accessed October 2007.
- ↑ Board of Directors, JCPenney, accessed August 2007.
