I understand fiduciary duties...if the economy is seriously tanking and 7000 must be laid off...don’t you think it might be a good idea to delay the bonus and put your company above your personal compensation?
$1.4 million isn’t going to kill the company. These execs are employees of Macy’s, so it wouldn’t make much sense to them to give up money to which they’re entitled for the sake of largely outside shareholders.
You do realize Macy’s will be closing some stores that are not doing well. You expect them to send their employees to a job bank the way the U.S autoworkers have done? Some of you expect them to keep 7,000 employees even though there are not enough customers to justify keeping that many employees because they doled out some money to their executives who, I would think, have had to bust their butt and put in long hours to get to be in upper management. I wish you all would demand of our politicians what you demand of the private sector. How about telling congress no pay hikes, no cars at taxpayers expense, tell Pelosi she has to return her jet.