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.
J.C. Penney has been a train wreck whose comeback always seems just around the next earnings corner, but investors are beginning to doubt that CEO Ron Johnson can weave the same magic that he did at Apple. If you're wondering whether J.C. Penney is a buy today, you're invited to claim a copy of The Motley Fool's must-read report on the company. Learn everything you need to know about JCP's turnaround-or lack thereof. Simply click here now for instant access.
The relevant video segment can be found between 10:36 and 14:35.