Ceo, Ousted | featured news

After a troublesome, 17-month run, Ron Johnson is out as chief executive of J.C. Penney, and with that, the most closely watched revival effort in retail in recent memory is in danger of disintegrating.

Struggling online deals pioneer Groupon has ousted its quirky founder and CEO Andrew Mason amid worries that people are tiring of the myriad of online restaurant, spa and Botox deals that Groupon built its business on.

That sound you heard from Detroit this morning was the other shoe dropping, loudly, at Opel. General Motors announced that Karl-Friedrich Stracke stepped down from his positions as GM Europe president Opel/Vauxhall CEO.

Jack Griffin is leaving after less than six months — forced out because his management style was not a good fit.

Randy Michaels, the controversial chief executive of the Tribune Company, is expected to be asked to resign.

LG CEO Nam Yong is stepping down October 1 due to slumping mobile phone sales.

Jeff Zucker, the maniacal mastermind behind the downfall of NBC and the instigator of the Late Night Wars that devastated the TV landscape earlier this year, is reportedly being ousted from his position at NBC.