March 06, 2013 at 13:30 PM EST
Former JC Penney CEO: Board Needs to Act
Former JC Penney (NYSE: JCP ) CEO, Allen Questrom, spoke on CNBC Wednesday. He was extremely critical of Ron Johnson's turnaround strategy and stated that the board has to act now. Questrom said Ron Johnson wasn't a reliable source for the state of the company, suggesting that it was in
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