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Description: Ron Johnson?s tenure at J.C. Penney Co. (JCP) will long be associated with a 25 percent sales plunge. Lost amid the criticism since his departure last month is the $170 million it cost to install Johnson and his top three executives.

Source:  Bloomberg.com

Date: May 03, 2013

Link: http://www.bloomberg.com/news/2013-05-03/j-c-penney-spent-170-million-to-install-johnson-team.html

Questions for Discussions:

  • Summarize the highlights in this report.
  • What does this report say about the board of directors decision-making and the concern for shareholders?

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