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Reuters: Ron Johnson knew Martha Stewart deal was in conflict with Macy’s
New York -- A Friday report by Reuters revealed that J.C. Penney CEO Ron Johnson was well aware that the retailer’s deal with Martha Stewart would step on Macy’s toes, but testified in court that the company decided to move forward anyway.
Attorneys for Macy’s in New York state court on Friday presented Johnson with an email he sent to a Penney board member saying that Stewart would have to break her agreement with Macy’s if Johnson was going to “pull off” a deal with her.
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Clorox exec a 'natural' fit for Annie's board
BERKELEY, Calif. — Annie's Inc., a manufacturer of natural and organic food, announced that Lawrence (Larry) Peiros has been appointed to its board of directors effective immediately. David Behnke, a managing director at Najeti Ventures, resigned from the board to pursue other interests. Peiros was appointed to the Board to fill the vacancy.