What does it say about a company when even it doesn't have any confidence in it's CEO? This is the case for J.C. Penney and it's cheif executive, Ron Johnson, who had a 97 percent pay cut (as reported by a regulatory filing on Tuesday). Ron Johnson is fairly new to J.C. Penney, having only been hired on last year, but his history so far has been a series of missteps for the company that can take part of the blame for the lost $4 billion in sales for fiscal 2012.
