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Shoulda never agreed to the role unless he was gonna be given 5 years of runway. They wanted a turnaround far faster than they had capital for.
by DannoHung 14y ago
Shoulda never agreed to the role unless he was gonna be given 5 years of runway. They wanted a turnaround far faster than they had capital for.
- nnethercote 14y ago"during his helm as CEO, shares of J.C. Penney have plummeted by 51 percent while the company's market cap dropped from $6.84 billion to $3.49 billion." No board will put up with that.
- DannoHung 14y agoNo board should try to make a major strategic change unless it's willing to disrupt its operations.