J.C. Penney Erases Almost All Traces of Ron Johnson
Ron Johnson, then chief executive officer of J.C. Penney Co., listens while testifying at State Supreme court in New York on March 1 sleek and fashionable failed to the tune of nearly $1 billion? He was fired in April and hasn't been heard from since.
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#1 Oct 26, 2013
He crawled back under the rock he slithered out of. He was an utter fool. I would boycott any company that hires that evil man in the future. He doesn't even have the decency to apologize for the destruction he left in his wake.The BOD should also be given the boot. What a bunch of losers.
#2 Oct 27, 2013
gods gift to retail proved a huge flop. all traces of ron should of been erased at penneys before he arrived.
I dowonder if he will ever work again? I guess he made so much money from penneys he doesnt need too.....
but is he employable in any management job anywhere?
the real lesson to be learned, hedge fund managers are only out for a quick buck and dont care about the employees, companies or customers they take over.
i sincerly hope bill ackman who engineered this disaster sees his hedge fund collapse in bankruptcy so he can never do this to another company
#3 Nov 3, 2013
He had a lot of jcp assoc brainwashed. They were probably afraid of losing their jobs. That did not prevent jc Penney doing their massive sweeps then after 6 mos hiring the same people back at cut salaries and no benefits. What a wonderful company to work for?
#5 Nov 3, 2013
Is it just me but does that picture of Ronnie look a little like an audition head shot of a super villain for the next Batman installment? He looks like maybe he has spending his time drinking that left over hype Kool Aid he was feeding the JCP associate masses before sending them to the "showers". I bet he spends the time looking, staring outside his third floor mansion window, repeatly saying,"But I'm the boy bar genius".
He is a genius, really, he made 1 billion of other people's money disappear in 14 months into thin air, genuis, really, name someone else who has accomplished this without going to jail, oh, right, Ackman.
He only needed 1,000 times a billion and 30 years to retool JCP, really.
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