Bluefield Daily Telegraph, Bluefield, WV

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In this Oct. 23, 2009 photo, Mike Ullman, Chairman and CEO of J.C. Penney Company, Inc., visits a company store in New York. Mike Ullman was named CEO of JC Penney's after Ron Johnson was ousted on Monday, April 8, 2013, after restructuring backfired. (AP Photo/Mark Lennihan)