$400,000,000?!? I'm not asking for "proof", but WOW! That's much more than I would have guessed. On another note, I thought the JCP rebranding was too much, too soon. None of the commercials or promotionals I saw seemed to ease the customer to equating JCP with JC Penny. Just a thought.
It was too much. He got much more from JCP with a total compensation of 52 million compared to 1.4 million from Apple in 2011. He did have stock that would have come up to about 82 million when he left.
Seriously -- let's make bets he goes back -- position is open -- Apple stores are undergoing an update - new products coming -- it'll satisfy wall street -- and everyone's happy especially Apple Store employees - Googles going retail - Same-sung also.. The game has changed - new challenges.. He should ????
It's more important for Apple to have the best people (which may or may not by Johnson) than it is to enforce some vendetta against human beings "coming and going as they please."
I don't know if he's the best or not for the job, but if he was that good, then he shouldn't have been allowed to leave. For 400 million, Apple should have owned him for life. What if he comes back again, stays for a few years, pockets another hundred million at least and then decides to leave again? It's better to find somebody who will not abandon Apple.
He chose to leave Apple, and just because he didn't succeed at his current job doesn't mean that Apple should just let people come and go as they please.
For his seven years at Apple, the dude got over 400 million dollars. With Apple's horrible stock performance recently, they shouldn't be throwing around money like that.
You can't fault a guy for wanting to take a CEO position at a retail company with such a long history, along with the tremendous challenge of turning a company around. If he succeeded, he would've rubbed shoulders with very few CEOs with the same accomplishment.....for example, his old boss, Steve Jobs. Some people are not cut out to be CEOs. He was a perfect fit at Apple and made their retail operations what it is today. There is always room for improvement and I think Ron would rise to the occasion again.
With the performance of AAPL of late, that is all-the-more reason to bring him back, especially now that Browett was given the ax. My shares vote YES to throwing money at Ron Johnson!
That is unfortunate that he was let go. I usually would never shop at JCP but after he started I thought I would give it a try due to the more honest pricing. I really liked the store, the pricing, but did feel that inventory was lacking in some areas. I think it is too bad that they will go back to the sale frenzy that so many stores go to. I just want to buy my clothes at a good price, not look for coupons and JCP Credit card only sales. I won't shop at Khol's because everything is a sale, or better sale if you put in on their credit card, and the clothes are not that great. I refuse to take out one of their credit cards just so I can get the big "sale". I will also not spend my time trying to find the latest and greatest coupon that works from 1pm-4pm on some random Saturday. I guess I will have to find some other place to get my clothes now.
FWIW - it's hard to hate on the guy for leaving Apple... I mean come on...if I remember right... the only position *UP* was held by Steve Jobs... and the #2 was Tim Cook.
If someone offered you a CEO job you'd ALL turn it down right?
JCP competes in a REALLY REALLY REALLY difficult retail sphere... it's got Target / Walmart on the low-end and Kohls, Old Navy/Gap on the other side.
A talented marketer like Ron would have loved the challenge of JCPenney - and thus why he took it.
But sometimes, selling premium electronics isn't as easy as low-end fashion.
Think about it, what company REALLY has a decent foothold in THAT space?
Too bad. My wife who very seidom shopped at JCPenney actually opened a credit account there after visiting the new JCP. There just wasn't enough new customers like her, I suppose.
On hindsight, maybe the expertise that Ron Johnson should have deployed was the knowledge he gained/used at Target rather than at Apple.
The hardest thing for a retailer or retail product to do is to move upmarket. JCP isn't the first one to try and fail. Walmart and VW had spectacular failures before JCP's. The astonishing thing is that Johnson apparently never heard of or paid proper heed to Walmart's and VW's mistakes.
I don't know if he's the best or not for the job, but if he was that good, then he shouldn't have been allowed to leave. For 400 million, Apple should have owned him for life. What if he comes back again, stays for a few years, pockets another hundred million at least and then decides to leave again? It's better to find somebody who will not abandon Apple.
With a performance-based compensation package, he would make hundreds of millions......only if he earned it.
It's obvious you know little of how the corporate world works.
People talking about marriage know nothing of Apple's history. Ron will have an executive spot if he wants it. His overall track record is immense and his personal relationship and understand of Steve's vision will be a voice who doesn't forget it.
I don't know if he's the best or not for the job, but if he was that good, then he shouldn't have been allowed to leave. For 400 million, Apple should have owned him for life. What if he comes back again, stays for a few years, pockets another hundred million at least and then decides to leave again? It's better to find somebody who will not abandon Apple.
"Shouldn't have been allowed to leave."? What should Apple do, chain him to his desk?
He was offered the position of CEO at a big company. I'm not sure it was the money that made him leave. Getting a chance to steer the ship at a major company is one of the more compelling reasons for people who are already in that tax bracket.
I would be thrilled if Ron Johnson goes back to Apple. He'd be the perfect man for the job too if Apple goes by my recommendation and markets the iWatch as a fashion product with tie ups with the name fashion designers/houses.
He had his tenure at Apple, decided to move on. That's it. Rehiring him will send a terrible negative signal.
If Apple is having trouble filling that position with a person of quality, it tells me that either their own internal candidates are not very good (which reflects poorly on Johnson's ability to hire and promote talent) or the recruiting folks in Apple HR (and other senior management concerned with recruiting) are lousy at spotting talent. It's doubly bad considering that it has to be one of the most -- if not the most -- covered jobs in retailing.
Apple has a standing policy to consider bringing back a former employee after a voluntary hiatus, so I wouldn't be at all surprised to see them bring Johnson back with open arms.
He had his tenure at Apple, decided to move on. That's it. Rehiring him will send a terrible negative signal.
If Apple is having trouble filling that position with a person of quality, it tells me that either their own internal candidates are not very good (which reflects poorly on Johnson's ability to hire and promote talent) or the recruiting folks in Apple HR (and other senior management concerned with recruiting) are lousy at spotting talent. It's doubly bad considering that it has to be one of the most -- if not the most -- covered jobs in retailing.
Yes, what a terrible signal to bring back the guy who turned your company into the most profitable retail operation in the history of human civilization.
You think Apple cares as much about its stock price as you or I do?
Comments
Quote:
Originally Posted by Carthusia
$400,000,000?!? I'm not asking for "proof", but WOW! That's much more than I would have guessed. On another note, I thought the JCP rebranding was too much, too soon. None of the commercials or promotionals I saw seemed to ease the customer to equating JCP with JC Penny. Just a thought.
It was too much. He got much more from JCP with a total compensation of 52 million compared to 1.4 million from Apple in 2011. He did have stock that would have come up to about 82 million when he left.
http://www.forbes.com/profile/ronald-johnson/
Seriously -- let's make bets he goes back -- position is open -- Apple stores are undergoing an update - new products coming -- it'll satisfy wall street -- and everyone's happy especially Apple Store employees - Googles going retail - Same-sung also.. The game has changed - new challenges.. He should ????
Quote:
Originally Posted by tundraboy
Kind of immature point of view.
We're talking Apple ][ here... it's par for the course.
I wish him the best of luck, and if Apple can find a place for him, then by all means do it.
Quote:
Originally Posted by nagromme
It's more important for Apple to have the best people (which may or may not by Johnson) than it is to enforce some vendetta against human beings "coming and going as they please."
I don't know if he's the best or not for the job, but if he was that good, then he shouldn't have been allowed to leave. For 400 million, Apple should have owned him for life. What if he comes back again, stays for a few years, pockets another hundred million at least and then decides to leave again? It's better to find somebody who will not abandon Apple.
Quote:
Originally Posted by Apple ][
Apple shouldn't let him back.
He chose to leave Apple, and just because he didn't succeed at his current job doesn't mean that Apple should just let people come and go as they please.
For his seven years at Apple, the dude got over 400 million dollars. With Apple's horrible stock performance recently, they shouldn't be throwing around money like that.
You can't fault a guy for wanting to take a CEO position at a retail company with such a long history, along with the tremendous challenge of turning a company around. If he succeeded, he would've rubbed shoulders with very few CEOs with the same accomplishment.....for example, his old boss, Steve Jobs. Some people are not cut out to be CEOs. He was a perfect fit at Apple and made their retail operations what it is today. There is always room for improvement and I think Ron would rise to the occasion again.
With the performance of AAPL of late, that is all-the-more reason to bring him back, especially now that Browett was given the ax. My shares vote YES to throwing money at Ron Johnson!
That is unfortunate that he was let go. I usually would never shop at JCP but after he started I thought I would give it a try due to the more honest pricing. I really liked the store, the pricing, but did feel that inventory was lacking in some areas. I think it is too bad that they will go back to the sale frenzy that so many stores go to. I just want to buy my clothes at a good price, not look for coupons and JCP Credit card only sales. I won't shop at Khol's because everything is a sale, or better sale if you put in on their credit card, and the clothes are not that great. I refuse to take out one of their credit cards just so I can get the big "sale". I will also not spend my time trying to find the latest and greatest coupon that works from 1pm-4pm on some random Saturday. I guess I will have to find some other place to get my clothes now.
FWIW - it's hard to hate on the guy for leaving Apple... I mean come on...if I remember right... the only position *UP* was held by Steve Jobs... and the #2 was Tim Cook.
If someone offered you a CEO job you'd ALL turn it down right?
JCP competes in a REALLY REALLY REALLY difficult retail sphere... it's got Target / Walmart on the low-end and Kohls, Old Navy/Gap on the other side.
A talented marketer like Ron would have loved the challenge of JCPenney - and thus why he took it.
But sometimes, selling premium electronics isn't as easy as low-end fashion.
Think about it, what company REALLY has a decent foothold in THAT space?
On hindsight, maybe the expertise that Ron Johnson should have deployed was the knowledge he gained/used at Target rather than at Apple.
The hardest thing for a retailer or retail product to do is to move upmarket. JCP isn't the first one to try and fail. Walmart and VW had spectacular failures before JCP's. The astonishing thing is that Johnson apparently never heard of or paid proper heed to Walmart's and VW's mistakes.
Quote:
Originally Posted by Mazda 3s
We're talking Apple ][ here... it's par for the course.
I'm never afraid to state my viewpoints, even if they might go against the grain.
What fun would a forum be if everybody agreed on everything? There would be no point in discussing anything.
Quote:
Originally Posted by Apple ][
I don't know if he's the best or not for the job, but if he was that good, then he shouldn't have been allowed to leave. For 400 million, Apple should have owned him for life. What if he comes back again, stays for a few years, pockets another hundred million at least and then decides to leave again? It's better to find somebody who will not abandon Apple.
With a performance-based compensation package, he would make hundreds of millions......only if he earned it.
It's obvious you know little of how the corporate world works.
Quote:
Originally Posted by Apple ][
I'm never afraid to state my viewpoints, even if they might go against the grain.
What fun would a forum be if everybody agreed on everything? There would be no point in discussing anything.
This is nothing about going against the grain. All we're saying is that you're stating an uneducated viewpoint.
Forever XXI coming soon!
Quote:
Originally Posted by Apple ][
I don't know if he's the best or not for the job, but if he was that good, then he shouldn't have been allowed to leave. For 400 million, Apple should have owned him for life. What if he comes back again, stays for a few years, pockets another hundred million at least and then decides to leave again? It's better to find somebody who will not abandon Apple.
"Shouldn't have been allowed to leave."? What should Apple do, chain him to his desk?
He was offered the position of CEO at a big company. I'm not sure it was the money that made him leave. Getting a chance to steer the ship at a major company is one of the more compelling reasons for people who are already in that tax bracket.
Quote:
Originally Posted by Dickprinter
It's obvious you know little of how the corporate world works.
I'm not in the corporate world, I don't walk around with a suit & tie.
That doesn't change the fact that I believe that too many people in the corporate world are highly overpaid, including some people at Apple.
Yeah, that's exactly what the stock needs. NOT.
He had his tenure at Apple, decided to move on. That's it. Rehiring him will send a terrible negative signal.
If Apple is having trouble filling that position with a person of quality, it tells me that either their own internal candidates are not very good (which reflects poorly on Johnson's ability to hire and promote talent) or the recruiting folks in Apple HR (and other senior management concerned with recruiting) are lousy at spotting talent. It's doubly bad considering that it has to be one of the most -- if not the most -- covered jobs in retailing.
Quote:
Originally Posted by GadgetCanada
"Shouldn't have been allowed to leave."? What should Apple do, chain him to his desk?
Make them sign some sort of longterm contract, where there would be penalties if they left before their contract expired.
You want to leave? Fine, that'll cost you a few hundred million.
Yes, what a terrible signal to bring back the guy who turned your company into the most profitable retail operation in the history of human civilization.
You think Apple cares as much about its stock price as you or I do?