J.C. Penney's board of directors has ousted CEO Ron Johnson after only 16 months on the job as a risky turnaround strategy backfired and led to massive losses and steep sales drops.
http://www.crescent-news.com/latest%20headlines/2013/04/08/jc-penney-ousts-ceo-ron-johnson
http://www.crescent-news.com/latest%20headlines/2013/04/08/jc-penney-ousts-ceo-ron-johnson
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