It Was All Over For Ron Johnson When Bill Ackman Shredded Him On Friday

CNBC is reporting that Ron Johnson has been ousted as CEO at JC Penney, and will be replaced by his predecessor, Mike Ullman. It's a move that's not unexpected after huge losses, strategic missteps, and a 97 percent pay cut. But the final blow that pushed Johnson over the edge was losing hedge fund manager Bill Ackman's support. Ackman called the execution of Johnson's strategy "something very close to a disaster." This is a big deal because the billionaire investment was the guy who lured Johns...