By  on April 2, 2013

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.

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