When Bill Ackman hand selected Ron Johnson as the new C.E.O. of JCPenney (previously) people took notice. However, after dismal fourth-quarter results, Bill Ackman had strong criticisms for Johnson, calling his tenure "very close to a disaster." Last night, JCP announced that Ron Johnson has been replaced by ex-CEO Myron Ullman.
posted by Arbac
on Apr 9, 2013 -