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JCP C-Suite Shuffle

Tuesday, 9 Apr 2013 | 2:47 PM ET

In 2012, JC Penney lost $985 million under Ron Johnson and $25 million 2011 with Mike Ullman as CEO, for 10 months of that year. CNBC's Courtney Reagan offers insight. Gina Chon, Quartz reporter, and Jan Kniffen, J Rogers Kniffen CEO, weigh in.