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Horrible Bosses – The Worst 5 CEOs of 2013

Proof that you don't need brains or talent to become the boss

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2. JCPenney CEO Ron Johnson

ronjohnson185He was only at the helm for a year and a half, but during that time Ron Johnson did a massive amount of damage to JCPenney (JCP). Indeed, JCP may not survive — despite the fact that the new JCPenney CEO (who was Johnson’s predecessor and successor) made our top-ten list for his efforts.

It’s not the damage to the brand name or to the company’s finances that puts Ron Johnson near the top of our worst CEOs list, however. It was the JCPenney CEO’s refusal to test or even discuss any of the major overhauls he wanted to implement before rolling them out company-wide.

The end result is clear: JCPenney is now hanging by a thread and JCP stock has lost three-quarters of its value since the beginning of 2012. Of course, Johnson isn’t around to pick up any of the shattered pieces.

Article printed from InvestorPlace Media,

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