.jpg)
Remember the Titanic! From CNBC: JC Penney under CEO Ron
Johnson "could fail very, very quickly" if it doesn't take action,
says Mark Cohen, retail veteran and Columbia University professor of marketing.
On CNBC's "Fast Money," Cohen called JC Penney
under Johnson's stewardship "an unmitigated catastrophe" and made the
case for his ouster. Cohen, a marketing
professor at Columbia University, joins a growing chorus of industry experts
weighing in on Johnson's stewardship of the retail giant, whose performance
over the past year has been dismal.
Earlier this week, former JC Penney CEO Allen Questrom
criticized the company's board of directors and chief executive. "The board has to take action. They
can't be delusional like Ron Johnson is," Questrom told CNBC on Wednesday.
"This has been going on long enough. You can't say you're going to make
your numbers for the year and then drop a billion dollars…."
No comments:
Post a Comment