Around the Net
Johnson Says He And JCP Were Bad Match
- Chain Store Age, Thursday, July 10, 2014 9:31 AM
Speaking at his alma mater, Stanford, Ron Johnson, who was jettisoned as CEO of JCPenney 2012, talked about his experience at the company. He said it was the pace of his plan, as opposed to the plan itself, that was wrong, that it was too fast for a company as traditional as Penney. "I resigned three times," he said. "In February I offered to resign, in March I offered to resign, and finally in April, the board chair said 'Ron, we're going to accept your resignation.'"
