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Is Mike Ullman the Jay Leno of the Corporate World?
Tuesday, April 9, 2013 - 12:04pm | 772Read More...He lost his job in 2011. Now J.C. Penney (NYSE: JCP) has asked its former CEO, Mike Ullman, to come back and save the struggling retailer. Ullman was more or less ousted in 2011 after activist investor Bill Ackman pushed for him to retire. The investor was unhappy with J.C. Penney's stock...
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J.C. Penney 'Does Not Deserve to be a Public Company'
Tuesday, April 9, 2013 - 10:10am | 678Read More...When it was announced that Ron Johnson had 'resigned,' shares of J.C. Penney (NYSE: JCP) soared, rallying over ten percent. That is, until his successor was announced. The man named to take the helm and right the ship after Johnson's disastrous tenure was no other than Mike Ullman, the chief...
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Where Does J.C. Penney Go From Here? Six Options for the Company
Tuesday, April 9, 2013 - 9:35am | 1583Read More...The Ron Johnson experiment at J.C. Penney (NYSE: JCP) is over. In steps former CEO Mike Ullman as an interim CEO to fill the gap until the board of directors can find a full-time replacement. Shares are tumbling as sales growth stalls and customer traffic plunges. The real question is: Where does...
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JC Penney (JCP) Has A Good Year Ahead
Wednesday, January 13, 2010 - 5:12am | 111Read More...JC Penney (NYSE: JCP) recorded 3.8% drop in same stores sales during December,2009. Its stock has risen by 27% during last 12 months. In an interview with CNBC, JC Penney CEO Mike Ullman expressed his optimism for Year 2010. When questioned about dismal holiday sales, he stated that JC Penney did...
