So much for accountability in corporate governance. According to the DMN‘s Maria Halkas, every member of the J.C. Penney board that presided over the company’s spectacular recent meltdown has been re-elected to his or her cushy post. This apparently includes New York hedge-fund mogul William Ackman, who pushed to hire the failed ex-CEO Ron Johnson, as well as several board members from North Texas. All of the members have been compensated handsomely for their, er, leadership qualities at the Plano-based retail chain. Among the locals are ex-TI CEO Tom Engibous, the board chair, whose 2012 compensation was $328,702; Colleen Barrett, president emeritus of Southwest Airlines ($225,012); and R. Gerald Turner, president of Southern Methodist University ($235,012).
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