Ron Johnson Out at JCPenney

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April 8 2013 5:50 PM

Ron Johnson Out at JCPenney

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Joe Fresh Creative Director Joe Mimran and JCPenney CEO Ron Johnson attend Joe Fresh at jcp launch event on March 7, 2013 in Beverly Hills, California.

Photo by Jason Kempin/Getty Images for jcp

JCPenney announced today that former Apple retail chief Ron Johnson is out as CEO after his failed effort to turn the company around. I went to JCPenney recently and wrote about how Johnson had destroyed the department store while trying to reinvent it.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.