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Vornado Realty Trust

(credit: Justin Sullivan/Getty Images)

JC Penney Board Member Steven Roth Resigns

Steven Roth, the chairman and CEO of Vornado Realty Trust, has resigned from J.C. Penney’s board, days after the real estate company told investors it planned to sell all of its stake in the struggling department store chain.

09/13/2013

(credit: Justin Sullivan/Getty Images)

Penney’s CFO Says He And CEO Have No Plans To Quit

The word from J.C. Penney’s Chief Financial Officer Ken Hannah: neither he nor CEO Ron Johnson have plans to resign despite a growing chorus of critics calling for a management shake-up as they lose faith in a turnaround strategy.

03/13/2013