Why I Would Sell Apple If It Rehires Ron Johnson
by Paul Zimbardo
Ron Johnson served as an Apple senior Vice President from 2000 to 2011 and oversaw the launch of the Apple Stores that were critical in turning Apple (AAPL) into the success it is today. After a prolific tenure, Johnson joined J. C. Penney (JCP) in a high-profile corporate move. At the time, JCP was trading for approximately $30 per share and since then it has lost more than half of its value. Earlier this month J.C. Penney's board said enough was enough and parted ways with Ron Johnson. As soon as I saw the news that Ron Johnson was a free agent, I wondering how long it would take for Apple rumors to start. The answer was not very long as they started to crop the same day. read more »
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