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.
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?"