By  on March 24, 2015

Marvin Ellison, president and chief executive officer-designee of J.C. Penney Co. Inc., received stock awards valued at $15 million for signing on with the Plano, Tex.-based midtier retailer, making up the bulk of his $19.6 million pay package.

This story first appeared in the March 24, 2015 issue of WWD. Subscribe Today.

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