Ron Johnson

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“The factors that attracted motor vehicle producers to Detroit a century ago – excellent access to resources and transport links, followed by local skills and specialist suppliers – are no longer competitive advantages in car-making nor, indeed, in other industries.” Photograph: Spencer Platt/Getty Images
Mergers often a route out of downward spiral

The Financial Times has carried an unusual number of obituaries and stories of terminal illness this summer. There was the bankruptcy of Detroit and t(...)

William Ackman: founder and chief executive of Pershing Square Capital Management LP. Photograph: Scott Eells/Bloomberg
Bill Ackman resigns from JC Penney board

Hedge fund billionaire William Ackman has quit the board of troubled department store group JC Penney, ending three years of acrimony.The company anno(...)

Starbucks chairman Howard Schultz spoke out after Bill Ackman, a JC Penney board member, urged fellow directors to find a new chief executive quickly and released it to the media. Photograph: Reuters/Anthony P. Bolante
Starbucks chief enters JC Penney dispute

Howard Schultz, chief executive of Starbucks, has accused the hedge fund manager, Bill Ackman, of being a “destroyer of companies” as he stepped into (...)

Procter and Gamble replaces CEO with predecessor

Procter and Gamble is replacing chief executive Bob McDonald with his predecessor, A.G. Lafley, as the world’s largest consumer products maker(...)

Boardrooms failing to deliver value for shareholders

Serious Money: Directors of some high-profile public companies are coming under scrutiny this proxy season. Shareholder advocates say it’s about ti(...)

JC Penney board comes under fire for chief executive switch

The board of JC Penney is facing scathing criticism from investors and corporate governance experts after ousting chief executive Ron Johnson a(...)

Copies of US president Barack Obama's budget proposal for FY 2014 at a printing press at the Government Printing Office yesterday in Washington DC. Photograph: Alex Wong/Getty Images
Obama budget: mere theatre so long as Republicans portray Obamacare as anti-freedom

President Barack Obama will soon release a new budget, and the commentary is already flowing fast and furious. Progressives are angry (with goo(...)

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