J.C. Penney's New CEO is Gradually Eliminating Any Trace of His Predecessor

As J.C. Penney attempts to recover from a period in which it alienated customers, enraged employees and suffered abysmal sales, its new chief executive, Mike Ullman, is aggressively purging corporate ranks and halting initiatives launched under the previous regime. In essence, Ullman appears intent on removing any trace of his predecessor, the former Apple executive Ron Johnson, whose disastrous 17-month tenure as J.C. Penney CEO ended with his ouster in April.