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J.C. Penney CEO’s pay package plummeted 97% in 2012
New York -- A Securities and Exchange Commission filing on Tuesday revealed that embattled J.C. Penney CEO Ron Johnson saw his compensation package plummet 97% to about $1.9 million in 2012.
Johnson received a base salary of $1.5 million, up from his partial-year salary of $375,000 in 2011, but did not receive stock or option awards in 2012. That compares with a stock award worth $52.7 million on the date it was granted in 2011, when Johnson was named CEO.
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Bebe names chief merchant
Los Angeles - Bebe stores announced Wednesday it has named Katrina Glusac as chief merchandising officer, effective immediately.
In her new role, Glusac will lead the merchandising, visual merchandising and planning & allocations teams in defining and building the brand’s merchandising offerings across all categories.
Most recently, Glusac served as chief merchant and VP merchandising at ShoeDazzle.com. Prior to that, she was divisional VP and general merchandising manager of Guess.