By  on April 1, 2009

J.C. Penney Co. Inc. chief executive Myron E. “Mike” Ullman 3rd rejoined the eight-figure compensation club in 2008.

According to the company’s definitive proxy, filed with the Securities and Exchange Commission on Tuesday, Ullman earned just over $10 million in total compensation during the last fiscal year, 25.5 percent above the $8 million he earned in 2007.

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