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Article: Johnson Products Co. regroups after a family row.

Article from:
Black Enterprise
Article date:
May 1, 1992
Author:
Copyright

Shareholders and analysts alike are still piecing together the causes and the possible impact of last March's sudden resignation of Johnson Products Co. Inc. (JPC) President and CEO Eric G. Johnson. Observers speculate that Johnson, 40, was actually forced out by his mother, Joan B. Johnson, company chairwoman. But no matter what the reasons, his departure from the nation's third-largest black hair care product manufacturer has prompted speculation that the company's sales, net income and stock price will suffer.

Eric Johnson's departure couldn't have occurred at an odder time. JPC's sales and income were on the rebound. The company, which trades on the ...

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