The 10 Weirdest Things J.C. Penney CEO Ron Johnson Told Wall Street Last Week

J.C. Penney just had one of its worst quarters ever — sales declined 23 percent to $3 billion, same-store sales fell 22 percent and internet sales sank 33 percent to $220 million. It's all the fault of CEO Ron Johnson, who embarked on a disastrous relaunch of the company in January which confused consumers and drove them away from its stores. On his conference call with Wall Street analysts, Johnson described his vision for getting the chain back on track in the remaining months of the year.