Ron Johnson fired from CEO Position At JC Penney

According to a report by CNBC former Apple Retail head Ron Johnson has been fired from his position as CEO of JC Penny, a job he had taken after leaving Apple in late 2011.

Readers might remember that Ron Johnson joined Apple from Target and helped build the retail giant that Apple is today, he introduced the Genius bar and other brilliant features during his ten years with Apple. Ron can now kick back with a pack of his e-cigs while looking for a new job.

This is what the company’s chairman had to say about the release of Ron Johnson:

“On behalf of the Board of Directors, we would like to thank Ron Johnson for his contributions while at JC Penney and wish him the best in his future endeavors”

According to CNBC during Ron Johnson’s helm as CEO, shares of J.C. Penney have plummeted by 51 percent while the company’s market cap dropped from $6.84 billion to $3.49 billion.