[jimbo123]

From NY Times:

Mr. Johnson dismissed most of the top executives from Mr. Ullman’s reign and brought in his own team, largely from Apple and Abercrombie & Fitch.

But few of the top executives he had hired relocated to Texas, instead working there a few days a week, staying “quarantined,” as a veteran put it. Penney hands used the acronym AAPLE to refer to the newcomers — Apple & Abercrombie Paid to Lose Earnings.

http://www.nytimes.com/2013/04/10/business/how-an-apple-star-lost-his-luster-at-penneys.html

[nascarnation]

I wonder why Bill Ackman was in love with this guy?