Macy’s to claw back executive bonuses due to accounting scandal

Quick Summary:

Macy’s is clawing back more than $600,000 in cash bonuses from executives after an accounting scandal led to inflated pay.

The company said it was replacing him with his counterpart at Capri Holdings Ltd., Thomas J.

Some of that has already been clawed back, so the outstanding amount stood at $352,093 as of April 1, it added.

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Article Details

Author / Journalist: Bloomberg, Nicola M. White, Jeannette Neumann

Category: EconomyBusiness

Markets: United States

Topics: CEO salaries and executive compensation Macy's Securities and Exchange Commission Department Stores Bonuses

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-02 @ 16:55:08 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 274 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 55 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27545219

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Official Website: fortune.com

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