Wall Street Oasis - Investment Banking & Finance Community: JCP CEO Johnson is out

Wall Street Oasis - Investment Banking & Finance Community The Wall Street Finance Community where investment bankers, consultants, traders, private equity and hedge fund professionals come to learn and play.

JCP CEO Johnson is out Apr 9th 2013, 01:00 I beat myself up for not buying call options on this stock about a month and a half back when i started looking into JCP more Recent news a few minutes ago show that ex-Apple retail guru Johnson has just been removed as CEO and ex-CEO Mike Ulman has returned source- http://blogs.barrons.com/stockstowatchtoday/2013/0... So what do you guys think (for those that have been following this attempted retail turn around)? Should Johnson have stayed longer? Retail is known to be notorious for how long it takes for a big turnaround and JCP was no exception. Should they have left him in for another 6-12 months? Note- Ackman (also chairman of the board) hand selected this guy from Apple since his HF has like 16% i think ownership...

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