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Macy’s Inc. After the accounting scandal, the executives earn more than $ 600,000 from the money bonus.
The head of the department closed the money bonuses for a profit metering near 2023 in 2023 in 2023 in 2023.
This is the fact that Macy’s extreme executives of Macy is $ 609,613 by the end of 2024The company said. Some have already retreated, so the prominent amount was $ 352,093 from April 1.
The company’s Compensation Committee said, “It will try to restore the remaining amount of awarded compensation,” he said. Macy’s did not call the bonuses to be affected. A spokesman refused to comment.
Macy tooTuesday saidThe chief financial officer left. The company said he replaced it with his colleague Capri Holdings Ltd., Thomas J. Edwards and the action is part of the plan of returning to long-term, profitable growth.
US Securities and Exchange Commission orderThe former profit is required to assess the fact that they need to cancel corporate bonuses if they open the incorrect accounting errors.
In November, Macy has postponed the earnings release and then gave lower earningsoutlookAfter the investigation, one worker hid more than the third quarter of 2024, over the fourth quarter of 2021 in a certain way. The probe, according to the company, pointed out the accounting mistakes of the former employee’s missing enemy or unpaid vendors.
This story was first displayed Fortune.com
