Macy’s is demanding its executives return bonuses they received last year that were linked to an accounting scandal caused by a rogue employee, the company said in a filing on Monday.

Macy’s is clawing back more ... the third quarter of 2024. The probe didn’t uncover evidence of missing cash or unpaid vendors and instead pointed to accounting errors by the former employee ...

Some 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 ...

Some experts said the responsibility and repercussions for such accounting missteps typically lies within a CFO’s purview and could have led to the leadership change, but Macy’s said there was ...

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 ...