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J.C. Penney Co

(credit: Justin Sullivan/Getty Images)

JC Penney CEO Gets 50-Percent Base Pay Raise

J.C. Penney’s reinstalled CEO Mike Ullman is poised to get a big pay increase as the department store chain shows some signs of a turnaround. J.C. Penney Co. could increase Ullman’s base salary to $1.5 million for this year, from $810,606.

03/24/2014

JCPenny

JC Penney Posts 4th Straight Loss, Sales Drop

The mid-priced department store chain reported another much larger-than-expected loss in the fiscal fourth quarter on a nearly 30 percent plunge in revenue in the latest sign shoppers aren’t happy with the changes it’s made in the past year.

02/27/2013

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