A look at JCP for my finance classes

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    Who Wrecked J.C. Penney?

    Hedge-fund investor Bill Ackman was a chief culprit in Ron Johnson's disastrous tenure as CEO of J.C. Penney, it's clear. But thanks to a leadership vacuum on Penney's board of directors, others were responsible for the debacle as well.

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    THE JC PENNEY DISASTER TIMELINE: How Ex-Apple Guru Ron Johnson Is Destroying The Company

    Update: Michael Francis, president of JCP, announced his resignation on June 18, 2012. Francis was hired by Johnson during JCP's c-suite overhaul. Ron Johnson, the former retail boss at Apple, became CEO of department store chain JCPenney in November 2011.

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    JC Penney board erupts into fight over next CEO

    The board of J.C. Penney erupted into a fight over the retailer's future on Thursday, as hedge fund manager Bill Ackman demanded a faster search for a new CEO and the board countered that he was being "disruptive and counterproductive."

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    Penney CEO Out, Old Boss Back In

    J.C. Penney Co. dumped Ron Johnson, the chief executive it poached from Apple Inc. with great fanfare 17 months ago, replacing him midway through a major overhaul of its stores that has produced a disastrous drop in sales. Penney's board met Monday and agreed to part ways with Mr. Johnson.

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    Ron Johnson Speaks, Calls Reports On His J.C. Penney Tenure 'Largely Inaccurate And Surprisingly Uninformed'

    Ousted J.C. Penney CEO Ron Johnson: Analysis of his tenure is "surprisingly uninformed." (Photo credit: Fortune Live Media) He's retail's persona non grata -- but does he deserve to be? After being in the news for 17 months straight on an almost daily basis, Ron Johnson, the much-maligned ex-CEO of J.C.

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    The Purge Of J.C. Penney

    As J.C. Penney attempts to recover from a period in which it alienated customers, enraged employees and suffered abysmal sales, its new chief executive, Mike Ullman, is aggressively purging corporate ranks and halting initiatives launched under the previous regime.

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    Ron Johnson's JCPenney: Anatomy of a Retail Failure

    In a stunning end to one of the most aggressively unsuccessful tenures in retail history, JCPenney (JCP) last night announced that CEO Ron Johnson would be leaving effective immediately. Myron Ullman, Johnson's predecessor at JCPenney, takes office as CEO. When Johnson was initially wooed by JCPenney, it was to serve as CEO with Ullman as [...]

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    J.C. Penney CEO gets the boot, but were his ideas really that bad?

    J.C. Penney CEO Ron Johnson has been given the boot after just 17 months as head of the struggling department store chain.

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