J.C. Penney experienced a seismic shift on corporate culture when CEO
Ron Johnson took the helm of the company more than a year ago. The new guard didn't like J.C. Penney's old way of doing things at headquarters. Not one bit. Dana Mattioli at
The Wall Street Journal spoke with J.C. Penney Chief Operating Officer Michael Kramer about the company's culture and the mass layoffs at the company's headquarters. He's one of the execs brought in by Johnson, who he'd previously worked with at Apple....
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Taking J.C. Penney Private
February 15, 2013
From Daily Finance
Now that nearly every public company in trouble appears to be a potential target for a leveraged buyout (LBO), J.C. Penney Co. Inc. (NYSE: JCP) has a chance to restructure and change its fortunes out of the public eye, at least so far as investors and the...
J.C. Penney's Bad Vibes Lead to a Death Watch
February 7, 2013
From Forbes
Never have I seen so much bad news about a company I really like. I think Ron Johnson, president and CEO of J.C. Penney, is a capable strategist. His idea to streamline the company and reduce sales is admirable. While his instincts may have been right, his guidance of the operation has been flawed. For starters, he never tested his merchandise pricing concept prior to putting it into action. Now the news is getting very bad, which will only make matters worse for the future of the company. Bad news begets bad news. Here are some recent observations:
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