J.C. Penney Co. Inc. chief executive officer Myron E. “Mike” Ullman 3rd rode his firm’s higher sales and profits to a nearly 50 percent increase in his 2010 pay package.
According to a preliminary proxy statement filed late Monday with the Securities and Exchange Commission, Ullman’s total pay came to $13.1 million last year, 49.2 percent above the $8.8 million he earned in 2009 but 13.9 percent below his 2008 package.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)