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