By and and and  on April 9, 2013

J.C. Penney Co. Inc. finally hit reboot.

The beleaguered retailer on Monday convinced Myron “Mike” Ullman 3rd to return as chief executive officer as its board called an end to the controversial and costly tenure of Ron Johnson. It is an ironic twist, since Ullman initially was pushed aside in favor of the high-flying Johnson, who was recruited from heading Apple Retail under Steve Jobs.

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