It had to be an easy decision for J.C. Penney (NYSE: JCP)Chairman and CEO Marvin Ellison to make: stay at a floundering, though still solvent, department store chain or jump ship to a financially strong and growing home-improvement center, a business that you're intimately familiar with? That Ellison chose the latter to become president and CEO of Lowe's (NYSE: LOW)was a gimme.
After CEO Jumps Ship, Can J.C. Penney Stay Afloat?
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