Why We're Disappointed Ron Johnson Failed at J.C. Penney
There's no doubt that Ron Johnson failed to turn around J.C. Penney, but we're still disappointed to see him go. We may never see another CEO like him.
There's no doubt that Ron Johnson failed to turn around J.C. Penney, but we're still disappointed to see him go. We may never see another CEO like him.
Bill Ackman, the hedge fund manager who hand-picked Ron Johnson to lead JC Penney, now says the turnaround has been "close to a disaster."
While J.C. Penney's disastrous decline has been blamed on Ron Johnson no-coupons pricing strategy, our readers gave a different reason for ditching the retailer.
The heart of CEO Ron Johnson's makeover of J.C. Penney has been "fair and square pricing": eschewing discounts, coupons and sales in favor of everyday low prices. But now there are allegations that all is not so fair and square on those JCP price tags.



