Tue Jan 24, 2012, 02:25 PM
The Straight Story (47,897 posts)
Suit claims J.C. Penney directors defrauded company w/$30.7 Mil comp package to CEO
Everett Ozenne v. Myron Ullman III; Michael Theilmann; Thomas Nealon
J.C. Penney directors defrauded the company by excessively compensating executive officers, including a $30.7 million compensastion package to outgoing CEO Myron Ullman in August 2011, a shareholder claims.
Full complaint is here (PDF):
Screen cap of two items from PDF:
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Suit claims J.C. Penney directors defrauded company w/$30.7 Mil comp package to CEO (Original post)
|The Straight Story||Jan 2012||OP|
Response to The Straight Story (Original post)
Tue Jan 24, 2012, 03:08 PM
onethatcares (8,022 posts)
4. they ran Jack Eckerd Corporation into the ground
taking a locally owned company and cutting it into pieces. My wife worked for JE and was 7 years away from retirement when they kicked it to the curb.
She always said it was a mormon run company where the buddies took care of themselves.
I haven't purchased anything from them since then and don't ever plan to.