The employee “acted alone and did not pursue these acts for personal gains,” Macy’s CEO Tony Spring told analysts on a conference call after the fraud was discovered. The clawback comes as ...

Macy's executives have to pay back more than $600,000 in bonuses after an accounting scandal inflated the payments, the ...

The retailer asserts it overpaid executives after an accounting error led to an overstatement of 2023 EBITDA by $81 million, according to a securities filing.

The company erroneously overpaid C-suite members by about $600,000 in 2023 as a result of an accounting error that hid $150 million in delivery costs.

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 ...

Macy’s is demanding its executives return bonuses ... compensation from the covered officers in accordance with the clawback policy during fiscal 2025,” according a Securities Exchange ...