By  on August 25, 2011

Myron E. “Mike” Ullman 3rd, the chief executive officer at J.C. Penney Co. Inc. who is set to hand over the reins to Apple retail guru Ron Johnson in February, is leaving the retailer with a stock and cash package worth more than $15 million.

This story first appeared in the August 26, 2011 issue of WWD. Subscribe Today.

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