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Suit claims J.C. Penney directors defrauded company w/$30.7 Mil comp package to CEO [View all]
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.
http://www.courthousenews.com/2012/01/24/43294.htm
Full complaint is here (PDF):
http://www.courthousenews.com/2012/01/24/penney.pdf
Screen cap of two items from PDF:
4 replies
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