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.
Date: May 03, 2013
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?