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J.C. Penney's 97% Off Deal

By Chris Hill - Apr 3, 2013 at 7:35PM

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J.C. Penney's not slashing prices -- it's slashing paychecks.

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 (JCPN.Q) 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.

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J. C. Penney Company, Inc. Stock Quote
J. C. Penney Company, Inc.

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