Monday, July 20, 2020

Macy's, Neiman Marcus look to resume exec payments as department store woes continue

Retail Dive
Macy's has resumed its equity bonuses for top executives after a protracted closure period, emergency financial measures and recently announced corporate staff layoffs. The awards going to more than a dozen executives were worth millions, including more than $3.6 million in company stock to CEO Jeff Gennette at the time of the award.. . . more