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Penney for half an Apple

2 April 2012 By Antony Currie

Ron Johnson, the man behind Apple’s retail stores, got a $53 mln signing bonus at J.C. Penney in November. That might seem a lot, but it covered less than two-thirds of the stock he gave up. Throw in Apple’s share price run-up since then, and Johnson is out around $60 mln.

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