When Ron Johnson took over JC Penney, the company was already in deep trouble, hemorrhaging sales and losing market share. Now, a year into his tenure, things aren't looking up. There are legitimate concerns about both the company and Johnson's long-term future. Allen Questrom, JC Penney's former CEO, argues that the company needs to fire Johnson if it wants to turn around, and there have been rumors the board has considered it.

 

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