Craig Herkert

CEO Flameouts: The Bigger They Aimed, the Harder They Fell

Ron Johnson's short tenure as J.C. Penney's CEO will go down as one of the biggest corporate flameouts ever. But he's hardly the first executive to aim high and fail hard.

Supervalu Fires CEO Craig Herkert, Hands Job to Chairman

Supervalu is ousting CEO Craig Herkert as the grocery chain looks to right its business only weeks after reporting disappointing quarterly results and suggesting it might put itself up for sale.