Macy's employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say
Macy's on Wednesday said it has concluded an investigation into an employee who intentionally hid about $151 million of delivery expenses. In a statement, CEO Tony Spring said the retailer is "strengthening our existing controls and implementing additional changes designed to prevent this from happening again and demonstrate our strong commitment to corporate governance.
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Macy's is claiming a lack of serious impact after an independent investigation determined that an employee had hid $151 million in delivery expenses.
Macy’s rogue employee hid $151M in expenses to cover up mistake, wasn’t motivated by personal gain
According to the Wall Street Journal, the employee told investigators about having mistakenly understated the amount of small parcel delivery expenses in late 2021, citing a source briefed on the
Macy's confirms rogue employee hid $151 million in expenses over three years
A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy's said Wednesday.
Here’s how a Macy’s employee hid more than $150M worth of expenses
Macy’s said it has concluded its investigation into an employee who intentionally hid more than $150 million in expenses.
Macy's probe reveals employee hid $151 million in delivery expenses
Retail giant Macy's said on Wednesday said it concluded an independent investigation into an employee who purposely hid $151 million in delivery expenses over nearly three years, forcing it to revise
Macy’s provides more details about that employee who hid more than $150 million worth of expenses
Macy’s said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million in expenses, and it has tightened its controls to avoid a repeat of the embarrassing problem.
Macy's ends delivery expense investigation, saying employee hid $151 million
Macy's on Wednesday said it has concluded an investigation into an employee who intentionally hid about $151 million of delivery expenses.
Macy’s Says Employee Allegedly Hid Up to $154 Million in Expenses Since 2021
The popular department store chain Macy’s said that an employee allegedly hid between $132 million and $154 million in delivery expenses.
Macy’s says no material impact from delivery expense related investigation
As previously disclosed, during the preparation of the company’s unaudited condensed consolidated financial statements for the fiscal quarter
Macy’s tightens financial controls after employee covered up what became a $151 million mistake
Macy’s said Wednesday that it has tightened internal financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly three years.
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Macy’s Says Accounting Employee Hid Up to $154 Million in Delivery Expenses
Macy’s delayed its quarterly results after the company discovered that an employee had hidden up to $154 million in corporate ...
Macy’s employee hid up to $154 million in delivery costs, and stock takes a dive
Macy’s identified a single employee who made “erroneous” accounting entries to hide up to $154 million in delivery expenses ...