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J.C. Penney’s

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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

(credit: Justin Sullivan/Getty Images)

North Texans React To J.C. Penney Layoffs, Store Closings

Plano-based J.C. Penney has announced the closure of 33 stores nationwide. The stores are located in 20 different states across the country, and company officials insist none are planned for closing in Texas.

CBS 11–01/15/2014

(credit: Justin Sullivan/Getty Images)

J.C. Penney’s Largest Investor Bails Out

The move comes two weeks after Ackman resigned from J.C. Penney’s board as part of a deal to resolve an unusually public battle between the activist investor and the struggling department store operator.

08/26/2013