A Change At The Top - Real Time Insight


Ron Johnson is out as the CEO of the iconic retailer and Mike Ullman III is back as CEO.  After an initial pop higher, JC Penny (JCP) stock is trading lower by about 10%.

The guy who was supposed to turn around JCP was paid $53.3 million in 2011 and saw his salary cut to $1.9 million in 2012 is now looking for a new job. 

But when the CEO is kicked to the curb, do stocks end up getting back what has been lost?  Can one person really make that sort of difference?

Let's skip the whole Steve Jobs turned Apple (AAPL) around into a monster, but can you think of any other CEO's that have made a real impact when there predecessors had failed?

I did write a slightly longer piece on this not too long ago, but with the recent JCP news, it might be worth your while to review again.


Which new CEO do you have the most faith in, and which one to do you have the least faith in?  Here are your choices:

Citigroup (C) boots Pandit, takes on Forese and Medina-Mora

Best Buy (BBY) had Brian Dunn quit and then hired Hubert Joly

Hewlett Packard (HPQ) packs it in with Mark Hurd and adds Meg Whitman

Yahoo! (YHOO) fires Bartz and hires Marissa Mayer

Chime in below!

APPLE INC (AAPL): Free Stock Analysis Report

BEST BUY (BBY): Free Stock Analysis Report

CITIGROUP INC (C): Free Stock Analysis Report

HEWLETT PACKARD (HPQ): Free Stock Analysis Report

YAHOO! INC (YHOO): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Stocks

Referenced Stocks: AAPL , BBY , C , HPQ , JCP



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