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

Carrefour's CEO, Alexandre Bompard, is expected to receive at least 3.37 million euros in remuneration for 2024. A decrease over one year, but to which is added the allocation of shares of the group.

Macy's clawing back execs' bonuses linked to accounting scandal caused by rogue worker

The department store overpaid an undisclosed number of executives by $609,613 before it discovered that an employee had concealed as much as $154 million in delivery expenses over the past few years – a sum that artificially inflated the executives' pay.

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

Macy’s Inc. is clawing back more than $600,000 in cash bonuses from executives after an accounting scandal led to inflated pay.  The department-store operator tied executives’ cash bonuses to an earnings metric that turned out to be overstated by around $81 million in 2023, Macy’s said in a securities filing on Tuesday evening.  That meant Macy’s overpaid executives by $609,613 as of the end of 2024, the company said. Some of that has already be…

Macy's executives will have to pay back over $600,000 after an accounting scandal inflated their bonuses

Macy's is clawing back bonuses paid to executives after an accounting error.Noam Galai/Getty ImagesSome Macy's executives have to pay back bonuses as a result of an accounting scandal.Macy's overstated one of its earnings metrics in 2023, leading to the inflated bonuses.The executives owe Macy's over $600,000 as a result, the retailer said.Macy's executives will have to pay back hundreds of thousands of dollars in bonus payments as a result of a…

Macy’s $150 Million Accounting Error Wrongly Boosted Executives’ Pay

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Macy's to claw back bonuses due to accounting scandal

The department-store operator tied executives' cash bonuses to an earnings metric that turned out to be overstated by around $81 million in 2023.