American CEOs and boards of directors should take note. The income inequality they've fostered with outsized CEO pay packages and paltry wages for workers is creating an American royal class served by serfs.
Ackman's long-standing acrimony with JCP's board has not only distracted the company from concentrating on its business, but also damaged the market's confidence in JCP.
In apparel, forced labor is found long before the fabric is sewn at a garment manufacturing factory. It starts as early as the cotton harvest.
The rebrand brought in stylish goods at low prices. So, why did so many complain? And why did J.C. Penney actually raise prices after apologizing for the changes?
JC Penney has more than 100 years of retail success. It would be a shame if 17 months of regression wipes out the strides the company has made to be an inclusive, dynamic and trend-setting industry leader.
When retailers lose their mojo, it's hard to recover. Reinventing a retail model is a parlous prospect. Witness what happened at JC Penney (JCP) when Ron Johnson tried to "transform" the tired peddler of schmattes and socks.
How does a leader initially hailed as the second-coming of Steve Jobs, ready to reinvent a 111-year-old staid retailer, crash and burn in such dramatic fashion? If JC Penney's board members had studied Amazon more closely, they might have discovered the answer.
Johnson's' failure at JC Penney should remind people that just because you've been successful in one area, it does not always guarantee success somewhere else.
The sad truth is that JC Penney CEO Ron Johnson's controversial turn-around plan may have been doomed as much by his weakness as a communicator as it was by poor operational execution.
The JC Penney board is out of touch with the company and its customer base. They don't understand the basic nature of the problem the company confronts. Will the board use this most recent crisis to reevaluate its understanding of the situation, or give itself a pass, concluding that the last hire "just didn't work out"?
Given my personal and professional passion for branding (as owner of a brand design agency), paired with lots of contemplation on gay rights, I have been curious about how the two intersect.
I felt bad for the Microsoft Store. The devices and accessories looked sharp and smart. But they were heavy to hold and didn't work as advertised.
While boycotts and events like Chick-Fil-A Appreciation Day garner media attention, they serve to further separate, rather than bring together, people with opposing viewpoints.
Could it be that they see the handwriting on the wall, that they, too, may one day become low-wage earners, as their bargaining rights and benefits are decimated across the country?
As this country embarks on one of the most traditional of celebrations on Sunday, Mother's Day, those of use who were fortunate enough to have a mom who accepts us for who we are should celebrate her for just that.