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  • Ousted JC Penney CEO Ron Johnson Headed Back to Apple?


    For two years, Apple has struggled to find a quality permanent replacement for its former head of retail Ron Johnson, who left the Mac maker in order to become CEO of JC Penney.

    On Monday, Apple may have found an available candidate to replace Ron Johnson... and that would be Ron Johnson, who is apparently on his way out as chief executive officer at JC Penney.

    JC Penney CEO Ron Johnson is out and Mike Ullman will rejoin the company as CEO, receiving an annual base salary of $1 million.
    JC Penney posted losses in each quarter under Johnson's tenure.

    According to CNBC, Ullman - who was CEO at the retailer from 2004 to 2011 - was recently approached by the board and asked to return in hopes of helping the "troubled retailer" regain its lost footing.

    "We are fortunate to have someone with Mike's proven experience and leadership abilities to take the reins at the company at this important time," Thomas Engibous, chairman of the company's board, said in a statement today. "He is well-positioned to quickly analyze the situation JC Penney faces and take steps to improve the company's performance."

    As of this writing, Johnson's old job at Apple is still vacant.

    Source: CNBC
    This article was originally published in forum thread: Ousted JC Penney CEO Ron Johnson Headed Back to Apple? started by Michael Essany View original post
    Comments 9 Comments
    1. exNavy's Avatar
      exNavy -
      How idiotic. They are going to rehire someone who previously proved he couldn't get the job done the first time around.

      These are all high paid educated people on the board yet they don't have the IQ points between themselves to hire, oh I don't know someone who isn't a previous failure? There isn't anyone else that a head hunter can find?
    1. ThatOneProfile's Avatar
      ThatOneProfile -
      Quote Originally Posted by exNavy View Post
      How idiotic. They are going to rehire someone who previously proved he couldn't get the job done the first time around.

      These are all high paid educated people on the board yet they don't have the IQ points between themselves to hire, oh I don't know someone who isn't a previous failure? There isn't anyone else that a head hunter can find?
      +1
    1. BhadKarma's Avatar
      BhadKarma -
      Quote Originally Posted by exNavy View Post
      How idiotic. They are going to rehire someone who previously proved he couldn't get the job done the first time around.

      These are all high paid educated people on the board yet they don't have the IQ points between themselves to hire, oh I don't know someone who isn't a previous failure? There isn't anyone else that a head hunter can find?
      +2
    1. thazsar's Avatar
      thazsar -
      Quote Originally Posted by exNavy View Post
      How idiotic. They are going to rehire someone who previously proved he couldn't get the job done the first time around.

      These are all high paid educated people on the board yet they don't have the IQ points between themselves to hire, oh I don't know someone who isn't a previous failure? There isn't anyone else that a head hunter can find?
      (Sarcasm Font) How dare you say such a thing! They make hundreds of thousands of dollars, so they've gotta be smart by default, right?!?! LOL!
    1. hogcia's Avatar
      hogcia -
      Jc penny was my mothers favorite store till this clown took over & killed it.
    1. ohthatguyagain's Avatar
      ohthatguyagain -
      JC Penny was actually doing well compared to companies like sears and Dillard's the same quarters. Department stores are quickly on a down slide - the time for their existence at high price convenience with fashion shopping is at an end.

      The cessation of the sears catalog several years back was symbolic of the end of the era of department stores.
    1. law111's Avatar
      law111 -
      Quote Originally Posted by exNavy View Post
      How idiotic. They are going to rehire someone who previously proved he couldn't get the job done the first time around.

      These are all high paid educated people on the board yet they don't have the IQ points between themselves to hire, oh I don't know someone who isn't a previous failure? There isn't anyone else that a head hunter can find?
      Relax, this is a "rumor" see it says his old job at Apple is still open. Doesn't say he's listed to have his job back.. They probably will not hire him back.. remember he left them for JC Penny. I doubt they took that lightly since they need to keep executives that used to work under Steve Jobs.
    1. vinaygoel2000's Avatar
      vinaygoel2000 -
      Quote Originally Posted by law111 View Post
      Relax, this is a "rumor" see it says his old job at Apple is still open. Doesn't say he's listed to have his job back.. They probably will not hire him back.. remember he left them for JC Penny. I doubt they took that lightly since they need to keep executives that used to work under Steve Jobs.
      Exnavy is talking about Ulman as he's the one who got rehired at JCP.
    1. severe's Avatar
      severe -
      Quote Originally Posted by vinaygoel2000 View Post
      Exnavy is talking about Ulman as he's the one who got rehired at JCP.
      In addition, Johnson left his position at Apple after 11 years that lead Apple to be the top retail chain in sales per square foot. I don't think it would hurt to have him back.

      ohthatguyagain makes a decent point.