"during his helm as CEO, shares of J.C. Penney have plummeted by 51 percent whil... | Hacker News

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		nnethercote on April 9, 2013 \| parent \| context \| favorite \| on: Ron Johnson ousted as JC Penney CEO "during his helm as CEO, shares of J.C. Penney have plummeted by 51 percent while the company's market cap dropped from $6.84 billion to $3.49 billion." No board will put up with that.

DannoHung on April 9, 2013 [–]

No board should try to make a major strategic change unless it's willing to disrupt its operations.

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