Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The Inc. Neither Macy is repeated more than $ 600,000 in cash bonuses from executives after a scandal of accounting led to withdraw payment.
The operator of the Store-Store of the Department Executives’ Cash income bonuses have been oversted at around $ 81 million in 2023, Macy said on Tuesday night.
That means Macy’s overpoid executive at $ 609,613 like the end of 2024,The company said. Some who have been clawed again, so the remarkable amount stands at $ 352,093 on April 1, plus it.
The company’s committee’s committee said it would “seek to regain the remaining amount of erroneously charged fee” from executives. Macy did not name people whose bonuses were affected. A spokesman refuses to comment.
By ACA tooTuesday saidThe principal financial officer left. The company says it replaces him with his counterpart to Holdings Capri Ltd., Thomas J. Edwards, and said that step about its plan returns for a long time, useful growth.
Under US security securities and exchange RulesPublic firms are required to see if they need the corporate bonuses again if they don’t know the mistakes of recounting bad profits.
In November, Macy’s suffering released by earnings and then issued a low profitviewAfter an investigation found an employee intentionally hides over $ 150 million in shipping costs from the wrong quarter of 2021.
This story originally shown Fortune.com
