From WSJ: J.C. Penney dumped Ron Johnson, the
chief executive it poached from Apple Inc. AAPL +0.71% with great fanfare 17
months ago, replacing him midway through a major overhaul of its stores that
has produced a disastrous 25%+ drop in sales.
Penney's board met Monday and agreed to part ways with Mr.
Johnson. Sorting out whether to press onward or roll back Mr. Johnson's changes
will fall to his predecessor, Myron Ullman, who is rejoining the company as CEO….
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