Retail News

Justice Department disputes Neiman Marcus handing out executive bonuses

The Wall Street Journal 07/16/2020

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.

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