• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

The audacity of NY Jets owner Woody Johnson

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
May 23, 2011, 3:55 PM ET

Don’t complain about job creation when you’re actively destroying them.

Woody Johnson has billions of dollars. Too bad that can’t buy him some self-awareness.

The New York Jets owner was on CNBC last Thursday, to discuss issues ranging from the NFL lockout to presidential politics. On the issue of jobs, Johnson said (in part):

“Jobs that are being created now are government jobs… I don’t think [Obama] is doing anything to create private sector jobs.”

Now I get that Johnson is a major Republican Party donor who has a vested interest in seeing Obama defeated in 2012. But he needs to come up with some better material.

First, he’s simply wrong on the facts. The Bureau of Labor Statistics says that nonfarm private sector employment has increased in each of the past 14 months, while the public sector has been hemorrhaging jobs since its 2008 peak.

But there is a larger issue here: Woody Johnson is one of 32 NFL owners who is locking out NFL players, threatening the 2011-2012 season. Johnson says he is confident that both sides will work things out, but also isn’t making any guarantees.

If Johnson really cared deeply about private sector employment, maybe he should work harder to end the impasse. Or at least acknowledge his own complicity in private job losses.

Not only does the lockout affect players – including recently-drafted kids who have yet to see a dime – but it also affects team personnel. For example, Johnson’s franchise recently began one-week-per-month furloughs of nearly 100 non-contract employees.

This follows the termination of around 30 sales positions, and doesn’t even begin to account for the hundreds (thousands?) of others whose livelihoods are at least partially reliant on NFL football (stadium vendors, parking lot attendants, security, merchandise manufacturers, area restaurants and hotels, etc.).

Johnson argues that the White House is to blame for a paucity of private sector jobs. But in East Rutherford, N.J., Johnson is the one withholding checks.

[Disclaimer: Yes, I’m a New England Patriots fan. But I’d be writing the exact same thing about Bob Kraft, were he to have spouted off in a similar manner]

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in

CryptoBinance
Binance has been proudly nomadic for years. A new announcement suggests it’s finally chosen a headquarters
By Ben WeissDecember 7, 2025
5 hours ago
Big TechStreaming
Trump warns Netflix-Warner deal may pose antitrust ‘problem’
By Hadriana Lowenkron, Se Young Lee and BloombergDecember 7, 2025
8 hours ago
Big TechOpenAI
OpenAI goes from stock market savior to burden as AI risks mount
By Ryan Vlastelica and BloombergDecember 7, 2025
9 hours ago
InvestingStock
What bubble? Asset managers in risk-on mode stick with stocks
By Julien Ponthus, Natalia Kniazhevich, Abhishek Vishnoi and BloombergDecember 7, 2025
9 hours ago
EconomyTariffs and trade
Macron warns EU may hit China with tariffs over trade surplus
By James Regan and BloombergDecember 7, 2025
9 hours ago
EconomyTariffs and trade
U.S. trade chief says China has complied with terms of trade deals
By Hadriana Lowenkron and BloombergDecember 7, 2025
9 hours ago

Most Popular

placeholder alt text
Real Estate
The 'Great Housing Reset' is coming: Income growth will outpace home-price growth in 2026, Redfin forecasts
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
AI
Nvidia CEO says data centers take about 3 years to construct in the U.S., while in China 'they can build a hospital in a weekend'
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
Economy
The most likely solution to the U.S. debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says
By Jason MaDecember 6, 2025
1 day ago
placeholder alt text
Economy
JPMorgan CEO Jamie Dimon says Europe has a 'real problem’
By Katherine Chiglinsky and BloombergDecember 6, 2025
1 day ago
placeholder alt text
Big Tech
Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on
By Eva RoytburgDecember 5, 2025
3 days ago
placeholder alt text
Politics
Supreme Court to reconsider a 90-year-old unanimous ruling that limits presidential power on removing heads of independent agencies
By Mark Sherman and The Associated PressDecember 7, 2025
17 hours ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.