The following video is from Wednesday's MarketFoolery podcast, in which host Chris Hill and analysts Jason Moser and Alex Scherer discuss the top business and investing stories of the day.

J.C. Penney's (NYSE:JCP) board of directors cut CEO Ron Johson's pay for 2012 by 97%. For FY 2012, J.C. Penney lost more than $4 billion in sales. None of the company's top executives got a cash bonus for the year. What does the future look like for J.C. Penney? In this installment of Investor Beat, our analysts discuss the implications for investors.

The relevant video segment can be found between 10:36 and 14:35.

For the full video of today's MarketFoolery, click here.

Alex Scherer, CFA, Chris Hill, and Jason Moser have no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.