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Massive Pay Cut for JC Penney CEO

Wed 03 Apr 13 | 01:00 PM ET
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Massive Pay Cut for JC Penney CEO

Wed 03 Apr 13 | 01:00 PM ET
JC Penney had a rough year in 2012 with shares down 47 percent, reports CNBC's Courtney Reagan. The retailer's CEO Ron Johnson received no stock awards, and his base pay was unchanged.
 
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