Ron Johnson was paid $1.9 million to be chief executive officer of J.C. Penney Co. Inc. last year — a sharp drop-off from the $53.3 million recorded in 2011 when he received hefty stock awards to take the job.
Johnson, who is struggling to reinvent the department store as a group of specialty concepts, received a salary of $1.5 million and other compensation of $388,587, the vast majority of which came in the form of personal use of corporate aircraft.
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)