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SomethingFishy

(4,876 posts)

8. The CEO who only worked 2 months last year before leaving got...

Fri Apr 6, 2012, 09:25 AM

Apr 2012

53 Million.. for 2 months work.

Behind the scenes at Penney, the top guy gets very high pay every day. Ronald Johnson, brought in as CEO on Nov. 1, spent just two months as chief last year. But he pulled down what was surely one of the biggest CEO salaries for 2011, topping most of those who toiled all 12 months.

Johnson got an impressive $53 million, along with $13,000 worth of personal use of the corporate jet. For managing to make so much in just 61 days -- while his company touted a thrifty new strategy -- I'm making Johnson my "One Percenter of the Week."

http://money.msn.com/investing/jc-penney-ceo-dollar53-million-in-2-months

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JCPenney to cut 900 jobs in Texas and Pittsburgh [View all] marmar Apr 2012 OP

I am worried about my niece who works in Plano liberal N proud Apr 2012 #1

"I mean, yes it's unfortunate, but that's a sacrifice I'm willing to make! They'll bounce back!" HughBeaumont Apr 2012 #2

How much is Ellen being paid? How many jobs did that cost? SammyWinstonJack Apr 2012 #5

The CEO who only worked 2 months last year before leaving got... SomethingFishy Apr 2012 #8

Obscene and Disgusting! SammyWinstonJack Apr 2012 #9

See? It's gotta be lotteries or nothing. HughBeaumont Apr 2012 #10

youtube bart95 Apr 2012 #3

Operate like a start-up and pay Ellen major bucks as its spokesperson while shedding 900 jobs. SammyWinstonJack Apr 2012 #4

I give JC Penny's two more years. Javaman Apr 2012 #6

I don't think Sears is going to make it either. Rex Apr 2012 #7

Got a passport? Zalatix Apr 2012 #11