J.C. Penney CEO Ron Johnson out after troubled tenure

[LezJepzin]

The troubled department-store chain announced late Monday that Johnson is stepping down and leaving the company after just a year and a half. He is being replaced by his predecessor, Mike Ullman, who led the company for seven years prior to Johnson's arrival.


"We are fortunate to have someone with Mike`s proven experience and leadership abilities to take the reins at the Company at this important time," J.C. Penney chair Thomas Engibous said in a statement.

"While J.C. Penney has faced a difficult period, its legacy as a leader in American retailing is an asset that can be built upon and leveraged," Ullman said.


J.C. Penney CEO Ron Johnson out after troubled tenure - Apr. 8, 2013

 

[Black smoke and cac jokes]

The fair and square marketing scheme fukked them up big time...

 

[Domingo Halliburton]

im surprised by this. I thought they'd give him a year or two more to make his "plan" work.

 

[Slaimon Khan Shah]

HOPEFULLY HE WASN'T STEALING MONEY. STEALING CAN LEAD TO THE HAND CUT OFF IN ISLAM IN THE RARE TIMES IT HAPPENS IN MUSLIM COUNTRIES.

 

[Jack Martinez]

Good riddance!!! I work there part time
and MAN he ruined that company.
Checking ppl out with IPods,
all tha moving ENTIRE departments,
dumb ass construction, it was pure ass.

 

[Hiphoplives4eva]

The guy is an i-moron.

 

[diggy]

Any company that can give you a coupon for ten dollars off any item ten dollars or more gotta be losing money..

walks out with a 10 dollar item for 60 cents

 

[Midwest]

Any company that can give you a coupon for ten dollars off any item ten dollars or more gotta be losing money..

walks out with a 10 dollar item for 60 cents

math majors