Wonder where it went?
Macy's CEO Jeff Gennette was paid $10.8 million in 2017, according to a company disclosure. The Cincinnati-based retailer also disclosed its typical employee made $13,810 during the same period that ended Feb. 3. The company calculated Gennette made 806 times the median worker.
As Chief Executive Officer at Macy's, Inc., Jeff Gennette made in 2019 $9,631,732 in total compensation. Of this total $1,300,000 was received as a salary, $919,800 was received as a bonus, $2,899,998 was received in stock options, $4,409,720 was awarded as stock and $102,214 came from other types of compensation. This information is according to proxy statements filed for the 2019 fiscal year.
Macy's doled out $9 million in bonuses to top execs after thousands of jobs are cut. CEO Jeff Gennette received restricted stock worth $3.7 million on July 9, according to filings with the Securities and Exchange Commission.