By  on March 28, 2012

Ronald B. Johnson, J.C. Penney Co. Inc.’s chief executive officer, received $53.3 million in total compensation last year, mostly in stock awards, according to the company’s proxy filed Wednesday with the Securities and Exchange Commission.

In 2011, Johnson’s base salary was $375,000, reflecting his pro-rated salary base starting on Nov. 1, when he joined the company. Stock awards totaled nearly $52.7 million, while an incentive bonus totaled $236,302.

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