(Dallas Allison Krewe)

JCPenney Fires A Warning Shot At CEO Ron Johnson By Way Of A 96% Pay Cut

JCPenney CEO Ron Johnson is basically drowning in a sea of sliding sales numbers and sinking stock prices, but instead of tossing out a life preserver, the company has instead fired off a warning shot by way of a 96% pay cut in 2012. The clear message? Either sink yourself, or prove you can, in fact, turn the company around. [More]