J.C. Penney Rehires Myron Ullman to Clean Up Ron Johnson's Mess

Few remembered Myron Ullman after Ron Johnson’s arrival. Now he’s the retailer’s best hope
Data: Bloomberg

When Myron Ullman, just turning 64, retired as chief executive officer of J.C. Penney in November 2011, he left with an exit deal worth about $15 million, offers to join various boards of directors, and a pretty good attitude. In an interview with D magazine—the D is for Dallas, near Penney’s Plano headquarters—he tied a bow on his tenure: “I’m at an age in my career where I don’t think of this all as life or death. … Business is something you work at, but it is not something that’s life-threatening. There are more important things.”

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