Businessman Profile: JC Penney
written by Allan on September 18, 2007
I recently watched an A&E Biography on James Cash Penney, the founder of JC Penney's. Started in 1902, in Wyoming, JC Penney's never accepted credit until 1957. That year the board of directors voted whether to take credit cards. The vote was unanimous, except for Mr. Penney. Mr. Penny is quoted to say that it's morally wrong to accept credit cards. By accepting credit cards you would oversell the customer and push them into financial debt. -- Wow huh?
I have found some really great quotes by JC Penney
Every man must decide for himself whether he shall master his world or be mastered by it.
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No company can afford not to move forward. It may be at the top of the heap today but at the bottom of the heap tomorrow, if it doesn't.
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Success cannot come from standstill men. Methods change and men must change with them.
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Theory is splendid but until put into practice, it is valueless.
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Allan loves his family more than breathing. He lives in Panama City, Florida & grew up washing cars at his family's car washes. Oh and Allan hasn't worn underwear since 2004.
2 Comments
Mr. Penny was an amazing man with a great big heart!
A stand up man and someone to look up to in life and business! Always reaching out, even if it cost him…
You Spelled His Name Wrong (Penney)