Penney CEO knew Martha Stewart deal stepped on Macy's toes

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NEW YORK (Reuters) - J.C. Penney Co Inc chief Ron Johnson knew before doing a deal with Martha Stewart that it would create a conflict with rival Macy's Inc , which already had a relationship with her. Johnson testified in New York state court on Friday in proceedings brought by Macy's opposite his company and Martha Stewart Living Omnimedia Inc over their proposed deal. The chief executive wrung his hands as a lawyer for Macy's grilled him over an email he wrote to a board member saying Martha Stewart would have to "break" her agreement with Macy's if he was going to "pull off" a deal with ...