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By Perry Michael Simon

Failing Upward

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J.C. Penney CEO Ron Johnson took a 96% pay cut for 2012, which makes sense, since under his watch and guidance the store did horrifically poorly. But he still made $1.9 million and got a $52.7 million stock grant when he was hired the year before, so life is still unfair. (USA Today)

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About The Author

Perry Michael Simon

Perry Michael Simon is Vice President and Editor/News-Talk-Sports/Podcast for AllAccess.com and the former Program Director and Operations Manager at stations like KLSX and KLYY (Y107)/Los Angeles and WKXW (New Jersey 101.5)/Trenton. He's been on-air and written stuff for TV and websites and other stuff he doesn't remember all that well. He can also be found at Twitter, Facebook, Instagram, and pmsimon.com, if you're so inclined. In addition, he's the former Editor-in-Chief at Nerdist.com and Director of Programming at the Nerdist Podcast Network.

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