It is maddening. Companies such as JC Penney should be ashamed of themselves.
As I explained on CNBC and CNN Tuesday, Ron Johnson sold us all a bill of goods. He spun himself as something he's not -- a visionary. There's no doubt he believed his own hype, but it's a much better quality, for yourself and those around you, to know your limitations.
Ron Johnson might be a good manager. He implemented and executed Steve Jobs's vision at Apple like a good MBA. The vision, however, was not his. As such, he had no business being CEO at a company that requires a visionary. Neither does Mike Ullman. So, as Macke alluded to, nobody over there gets it.
Johnson brought a deadly mix of egomania and delusion to the job, overpaid by a board he -- even if innocently -- duped. And now the Board ousts him to (re)bring in another person clearly not cut out for the task at hand.
As a nation, we're proud of Apple and other tech names. Even tech underachievers put JCP to shame. We should be extra proud of Howard Schultz and his team at Starbucks . Yet, you never hear any of the suits and dresses on JCP and BBY Boards talking about what has happened over the years at Starbucks?
Are they too dense and out of touch to see the connection?