Ackman Not Giving Up on JCPenney (JCP)...Yet
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April 10, 2013 4:00 PM EDT
Hedge fund manager Bill Ackman told WWD he plans to stick with his investment in J. C. Penney (NYSE: JCP). Comments follow the ousting of J.C. Penney CEO Ron Johnson on Monday that lead to further decline in the stock.... More
April 10, 2013 10:54 AM EDT
J.C. Penney (NYSE: JCP) stock turned negative in early trading on Wednesday, extending a decline that began late on Monday following the resignation of CEO Ron Johnson.
Johnson was replaced by former CEO Mike Ullman. Ullman is stepping in on... More
April 9, 2013 1:48 PM EDT
Does it matter that Ron Johnson is no longer leading JCPenney (NYSE: JCP)?
The question was posed on the Yahoo! Finance homepage: "J.C. Penney dumped CEO Ron Johnson after 17 months on the job. How often do you shop at Penney?"
Unsurprisingly,... More
April 8, 2013 5:23 PM EDT
Shares of J.C. Penney (NYSE: JCP) were whipsawed after-hours on Monday on reports that the company's CEO Ron Johnson was "out". Ron Johnson came to J.C. Penny from Apple and was once hailed as J.C. Penney's savior. That notion was... More
April 8, 2013 5:18 PM EDT
(Updated - April 8, 2013 5:20 PM EDT)
The Board of Directors of J.C. Penney Company, Inc. [NYSE: JCP], today announced that Myron E. (Mike) Ullman, III has rejoined the Company as Chief Executive Officer, effective immediately. He has also been elected to the Board of Directors. Mr. Ullman is a highly accomplished retail industry executive, who served as CEO of jcpenney until late 2011. He succeeds Ron Johnson, who is stepping down and leaving the Company.
Thomas Engibous, Chairman of the Company's Board of Directors, said, "We are fortunate to have someone with Mike's proven experience and... More
