Retail News

Macy’s execs get raises as company falters

Cincinnati Business Courier 04/13/2017

Jeff Gennette, Macy’s new CEO, and the man he replaced, Terry Lundgren, saw their compensation packages increase even as the company’s sales declined for two straight years. Mr. Gennette earned total compensation of $3.9 million in 2016, up from 3.7 percent in 2015. Mr. Lundrgen’s compensation grew from $11.7 million in 2015 to $12.2 million last year.

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