Still life louise penny pdf

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La dernière modification de cette page a été faite le 25 décembre 2017 à 11:44. Licence Creative Commons Attribution – partage dans les mêmes conditions 3. This article is about James Cash Penney, an American businessman. He was the seventh of twelve children, only six of whom lived to adulthood, born to James Cash Penney, Sr. After graduation from Hamilton High School, Penney intended to attend college with the hopes of becoming a lawyer. However, his father’s untimely death forced a change in plans, and Penney was forced to take a job as a store clerk to help support the family.

In 1898, James Cash Penney began working for a small chain of stores in the western United States called the Golden Rule stores. In 1902, owners Guy Johnson and Thomas Callahan, impressed by his work ethic and salesmanship, offered him one-third partnership in a new store he would open. He participated in opening two more stores, and when Callahan and Johnson dissolved their partnership in 1907 he purchased full interest in all three stores. By 1912, there were 34 stores in the Rocky Mountain States. The company was incorporated under the new name, J. The number of stores reached 1,400 by 1929.

The large income allowed Penney to be heavily involved in many philanthropic causes during the 1920s. This was also the start of Foremost Dairy Products Inc. After the 1929 stock crash, Penney lost virtually all his personal wealth, and borrowed against his life insurance policies to help the company meet its payroll. The financial setbacks took a toll on his health. Even after relinquishing daily operating management of the company, Penney continued his active involvement in managing the company and its stores.