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April 09, 2013 |

With J.C. Penney's CEO gone, company sale may be next

J.C. Penney Co. made a radical break with tradition by hiring Silicon Valley wunderkind Ron Johnson as chief executive officer. With Johnson gone, the chain may have to pursue even more radical options, such as selling itself.
6 minute read
May 06, 2013 |

J.C. Penney Reluctant To Pay 145-Cent Bond Ransom

J.C. Penney Co. is struggling to unshackle itself from $254 million of bonds that can limit its ability to borrow more money as it seeks financing to alleviate the department-store industry's biggest cash deficit.
6 minute read
August 21, 2013 |

When Feuds Break Out, GC Must Be A Buffer With 'A Laser Focus'

While it is rare for a member of a company's board of directors to go rogue—as J.C. Penney Co. Inc.'s just-resigned William Ackman did—it does happen occasionally. Companies—and their general counsel—need to plan for it as they do any other crisis management moment, experts say.
3 minute read
February 27, 2012 |

Restructuring leads to quarterly loss at J.C. Penney

J.C. Penney reported a loss of $87 million in the fourth-quarter, citing restructuring and management transition charges as well as the financial impact of preparing for its new pricing strategy.
2 minute read
May 17, 2013 |

J.C. Penney Loss Widens As New CEO Starts Changes

J.C. Penney is working to rebound from former chief executive officer Ron Johnson's failed makeover.
1 minute read
March 12, 2013 |

J.C. Penney says CEO doesn't plan to step down

J.C. Penney Co., the department-store chain that last month posted the lowest annual sales in more than two decades, said speculation that chief executive officer Ron Johnson plans to leave the company is wrong.
1 minute read
August 20, 2013 |

'No Quick Fixes' as J.C. Penney Posts Big 2Q Loss

J.C. Penney Co. reported another big loss on a nearly 12 percent drop in revenue for the second quarter, underscoring big challenges the retailer is facing as it tries to recover from a botched transformation plan spearheaded by ousted CEO Ron Johnson.
1 minute read
February 21, 2013 |

J.C. Penney wanted Martha Stewart to break Macy's contract

J.C. Penney Co. tried to persuade Martha Stewart Living Omnimedia Inc. to break its contract with Macy's Inc., an attorney for the second-largest U.S. department-store chain told a judge.
2 minute read
March 21, 2013 |

J.C. Penney high-flying executives seen hampering CEO revamp

J.C. Penney chief executive officer Ron Johnson, who is struggling to overhaul the department-store company, risks making his task harder by hiring at least nine key executives who live a plane ride away. The company pays for the commutes.
5 minute read
August 14, 2013 |

The GC's Role When Board Members Go Rogue

While it is rare for a member of a company's board of directors to go rogue—as J.C. Penney Co. Inc.'s just-resigned William Ackman did—it does happen. Companies—and their general counsel—need to plan for it as they do any other crisis management moment.
3 minute read

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