Wednesday, November 25, 2015

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

J&J CEO:: Not paying attention to the times, or doesn't care?

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, 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.

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About this blog

PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

Reach Joseph N. at, 215.854.5194, @PhillyJoeD. Read his blog posts at and his Inquirer columns at Bloomberg posts his items at NH BLG_PHILLYDEAL.

Reach Joseph at or 215 854 5194.

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