March 24, 2013

Apple's Disappearing Cursor and Corporate Arrogance

By Norman Rogers
I am an Apple Mac believer. I switched from Windows in 2005. I liked the Mac computer so much that I bought stock in Apple. Apple is a very successful company with $137 billion in the bank. But, success contains the seeds of destruction and success breeds arrogance. Speaking of arrogance, Ron Johnson is the Apple executive who created Apple's incredibly successful retail stores. He decided to go on to other things so he got a job as the CEO of JC Penney department stores. JCP is headquartered in Plano, Texas, a suburb of Dallas. Evidently Johnson, who lives in Palo Alto, California, considers Dallas a downgrade after the bright lights of swinging Palo Alto, population 65,412. So, Johnson commutes with his private jet. Apparently it is of no consequence to him that the income tax rate for extremely rich people is 13.3% in California and 0% in Texas. Early on, Johnson decided to hire the most famous lesbian in America, Ellen DeGeneres, to be the new spokesman for JCP, a lower middle...(Read Full Article)