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Kevin Fox
In the 2 hours following Ron Johnson's move from Apple VP of Retail to JC Penny CEO, $1.1billion of market cap shifted from Apple to JCP.
June 14, 2011
from Twitter
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Suresh S, Kenton, Jennifer Dittrich and 3 other people liked this
Seriously?
- Mary B: #TeamMonique
Yup, mind you while that represents 19% of JCP's value it's only 0.3% of Apple's, and Apple's already having a good day. Interesting though!
- Kevin Fox
Amazing. Course Penney needs more than Johnson's magic long-term. They need a reason to exist.
- Mary B: #TeamMonique
"Johnson's magic" Ooh, nice wordplay. :-)
- Kevin Fox
Thanks! ;-)
- Mary B: #TeamMonique