Web Search powered by YAHOO! SEARCH
share
email
font size
options
 
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
Comments   
0 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

Advertise Here