As the Former Chairman and CEO at J.C. Penney, Myron Ullman earned a total compensation of $34,561,322 in 2011, which increased by 163.53% compared to 2010.

Of this total, $1,489,583 was earned as salary, $11,400,007 was awarded as stock, $3,600,006 was received in stock options, $1,875,000 was awarded from non-equity incentive plan, and $16,196,726 came from all other compensation.

Mr. Ullman retired from the Company on January 27, 2012.

The amount shown in this column for Mr. Ullman includes Company contributions or allocations to Mr. Ullman's account in the Savings Plan and Mirror Savings Plan for fiscal 2011 of $6,909 and $44,775, respectively. In addition, the amount shown reflects Company matching charitable contributions in the amount of $10,000 on behalf of Mr. Ullman under the Directors' Matching Fund. The amount shown further includes the following payments under the Transition Services Agreement: $10,100,000 transition services payment, $4,750,066 for the fair value of all outstanding stock options that would otherwise have been forfeited, and $43,269 for accrued but unpaid vacation. In addition, the amounts shown include the value of the following perquisites received by Mr. Ullman: personal use of corporate aircraft, $362,682; ground transportation, $8,208; home security systems, $487; annual health exam services, $3,000; and financial counseling, $10,125.

Myron Ullman worked with Daniel Walker, Michael Kramer, Michael Francis, Michael Dastugue, and Ronald Johnson at J.C. Penney in 2011.

Compensation Data Fiscal 2011 Ends: Jan 31
  • Salary$1,489,583
  • Stock Awards$11,400,007
  • Option Awards$3,600,006
  • Non-Equity Incentive$1,875,000
  • Other$16,196,726
  • Total$34,561,322
J.C. Penney
Other Specialty Retailers
Cyclical Consumer Goods & Services