23.Mar.2010 at 23 | admin
JC Pennys’ CEO Myron Ullman’s Pay Package
Myron Ullman, JC Penny’s CEO is one guy who is on a roll. JC Penny may be a discount retailer, but it is doing well enough for its CEO to make enough cash never to have to buy stuff at a mass and discount retailer like the company he heads. His Pay Package is likely to include $1.5 million in base pay and also $1.6 million in stock options. There are also grants that he can have, not now, but which do add in to his Pay Package, that makes it as high as $4.7 million this year. This is more than loose change and it seems Myron is laughing all the way to the bank as his company and hence he flourish.
Ullman is also on the Segway board and he was pictured as riding a Seaway indoors for the only reason that he is on the board of this company. The operations of the company are also highly incentivized which means that Myron could be in for some serious cash. if he is able to meet the financial objectives he can earn as much as $11.4 million which is quite a lot of money. This is a function of the amount of money he can make for the company in an earnings per share basis.
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