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If I understand correctly, about a quarter of the nearly ten million dollars in bonus money is to cash out the first year of the three-year incentive deal that was agreed on in 2019. The rest is to provide a replacement to the executives who probably could not expect much from the performance-based incentive deal now that all the stores are closed and the company is declaring bankruptcy. J.C. Penney annual revenue: CEO bonus: I can imagine that keeping a good CEO motivated could be worth a billion dollars to a company. That bonus is less than half a percent of a billion dollars. There's no guarantee she can deliver, so the bonus is conditional on performance. What about that makes you unhappy? $11,167,000,000 $4,500,000
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