J.C. Penney Spent $170M to Install Johnson Execs

May 3 (Bloomberg) -- Ron Johnson’s tenure at J.C. Penney will long be associated with a 25 percent sales plunge. Lost amid the criticism since his departure last month is the $170 million it cost to install Johnson and his top three executives. Sheila Dharmarajan reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)

The Intersection of the Fed and Financial Conditions
08:03 - Ellen Zentner, chief U.S. economist at Morgan Stanley, looks at the foreign and domestic factors keeping the Federal Reserve on the sidelines. She speaks on "Bloomberg ‹GO›." (Source: Bloomberg)
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