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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"