Ron Johnson, CEO of JCPenney, should be fired?


Posted July 22, 2012 by PorkribJohnson

Ron Johnson, former Apple retail Chief and CEO of JCPenney, should be fired?

 
Ron Johnson, CEO of JCPenney, in a series of poorly-researched, poorly executed moves, lays claim to losing over 40% of JCP stock value in just two quarters. With Wallstreet analysts and banking losing faith, the stock price has plummeted over the course of Johnson's short tenure. Taking credit for Apple retail, Johnson, who was just the execution arm of Steve Jobs, insists his "everyday value" vision is right for America and for JCP. The thousands of dismissed employees might disagree, nonetheless, the flaccid Johnson's arrogance compels him to destroy what was once a great company. August 8th will be the tell, when Johnson announces second quarter earnings, but until then the JCP PR machine is hard at work, attempting to rally any remaining goodwill in the investing community.
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Issued By Jill Eisner, WutUpRetail.com
Website WutUpRetail.com
Country United States
Categories Business , News , Retail
Tags bill ackman , jcpenney , ron johnson
Last Updated July 22, 2012