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.
I have been shaking my head all day long on this topic.
I understand all that...however, if times are tough and they are...Macy’s execs should not be getting bonuses...it smacks of bad judgment...I would not consider buying a stock after I have been basically wiped out by these kinds of CEO’s. I can’t trust them to run their companies properly...they don’t seem to care if the companies they run do well or not-the bonuses continue-good times and bad times...if you drive your company into the ground...you lose very little. No way to run a business. I would not be surprised if Macy’s was in bankruptcy by the end of the years and this is a take the money and leave strategy.