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 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 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 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.
Macy’s employee responsible for a $151 million accounting scandal made one mistake that snowballed into an intentional coverup
Macy’s finally released its third-quarter earnings on Wednesday after having to delay it due to a massive accounting scandal caused by one employee. The employee, who no longer works for Macy’s made one mistake that led to years of coverup.
Macy's gives update on employee who hid $151M
Macy's CEO Tony Spring provided a fresh update on the rogue employee who hid $151 million in delivery expenses since 2021 and disclosed the individual is no longer with the company.
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 employee conceals $151 million of delivery expenses
Our focus is on ensuring that ethical conduct and integrity are upheld across the entire organisation,' CEO says
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.
Investigation Reveals Loan Wolf Ex-Employee Cost Macy’s $151 Million
Department store chain Macy’s has been forced to slash its annual profit outlook after discovering that an employee concealed ...
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Macy's Completes Delivery Expense Probe, Lowers EPS Forecast
Macy’s completed its investigation into an employee's deliberate misreporting of over $150 million in delivery expenses over ...