JCPenney CEO Ron Johnson's Pay Package Plummeted 97%
Re
In 2011, he received $375,000 in base salary and an additional $52.6 million in stock, with $236,000 tacked on as a non-equity incentive plan.
In 2012, he earned a higher base salary of $1.5 million and $388,000 in "other compensation."
But, he's not getting any more stock, dropping his total annual compensation from about $53.3 million to around $1.9 million.
Sure, the bulk of that stock award was probably part of his signing bonus. Regardless, his 2012 package represents a 97 percent drop from a year ago.
The other main members of his C-suite — CFO Ken Hannah, COO Michael Kramer, and CTO Daniel Walker — didn't receive any stock awards either.
Johnson missed out on a lot of his incentives, and he only received 44 percent of his target cash compensation. His executive team did a bit better, earning 55 percent.
SEC Filing
Johnson's in the middle of a massive transformation attempt at the ailing 111-year-old retailer, but so far, sales numbers have been disastrous and some analysts are getting worried about the company's cash flow.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Realme C65 5G with 5,000mAh battery, 120Hz display launched starting at ₹10,499
- 8 Fun things to do in Kasol
- SC rejects pleas seeking cross-verification of votes cast using EVMs with VVPAT
- Ultraviolette F77 Mach 2 electric sports bike launched in India starting at ₹2.99 lakh
- Deloitte projects India's FY25 GDP growth at 6.6%
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market