This week, JC Penney's board fired the firm's CEO: Ron Johnson, the former retail genius who bought you the Apple Store.
Flowers created his first private equity fund in 2002 and today the JC Flowers II Fund has $7 billion under management.
His multiple licensing deals and a lower-priced collection for JC Penney tarnished his brand.
JC: You say being Art Spiegelman's wife is like yet another career.
The pricey mall real estate that used to be JC Penney's biggest asset is rapidly turning into an expensive liability.
JC: This was very much ahead of its time, having such a global publication.
Can you tell which is LC's L.A. Candy and JC's Heart of Darkness?
He talks to Josh Wool about his new job at JC Penney -- and how he likes feeling overdressed.
Bass once suffered the indignity of being the third hottest member of 'N Sync, widely considered to be less hot than JC Chasez.