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Tuesday, November 3, 2009

J&J boss buys $8M Palm Beach property, fires 8,000: report

"Just a week before announcing that Johnson & Johnson will cut some 8,000 jobs, J&J chair and chief executive Bill Weldon plunked down $8.45 million for two adjacent vacant waterfront lots in North Palm Beach, Fl," in an exclusive private-beach development, says www.pharmalot.com, citing the Palm Beach Post here.

We're not saying Weldon didn't earn it. We don't know enough about J&J to say that with authority. We're just saying, he's got poor timing, or doesn't much care about the times he's bossing in.
Posted by Joseph N. DiStefano @ 6:15 PM  Permalink | Post a comment
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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