Back to News
Retail news

Justice Department disputes Neiman Marcus handing out executive bonuses

An official from the Justice Department said that Neiman Marcus Group CEO Geoffroy van Raemdonck and other top executives don’t deserve up to $10 million in bonuses unless the company can demonstrate that they help improve its earnings. U.S. bankruptcy law prohibits companies from handing out “pay-to-stay” bonuses.

The RetailWire Daily

A daily briefing with the retail news, expert perspective, and business context to bring into your next meeting.

Want to know more? Learn more

Discussion Thread0