Thread regarding Neiman Marcus Group layoffs

Hope this is true - speculation that CEO is finally being pushed out…negotiating severance!

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Post ID: @OP+1oGzW0uI

11 replies (most recent on top)

He’s not going anywhere until he decides!

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Post ID: @aozj+1oGzW0uI

Looks like this was nothing more than a hopeful post. But it would be welcomed.

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Post ID: @7ypw+1oGzW0uI

Your with him? We can agree few could accomplish what he has. The past 12 months have been stellar:

Sept 2022 - he again tells everyone who will listen he has cracked the code with our integrated platform! Numbers are fantastic.

Oct 2022 - he pays record bonuses including to himself - second year in a row!

December 2022 - numbers suffer. Maybe our integrated platform was really a pandemic high. And now we’re exposed. Our inventory is a mess and deliveries are late, late and late.

Feb 2023 - uh oh. Layoffs. Including service ambassadors. But he does promise to accelerate growth as he revolutionizes the luxury experience (five years into the job) and evolves his leadership team yet again to make faster decisions! Alienates any customer that is not in the top 2% of customer spend. Alienates his own sales team too. Yes, quite the month.

Aug 2023 - yet another new strategy - buying for the right audience emerges - as do even more layoffs. We will be customer centric now - again, five plus years since he joined. He grasps retail 101 - buy what the customer wants. His strategic juices are flowing.

September 2023 - our numbers are terrible, there’s a realization we’re losing money and may need to be sold for pennies on the dollar. Yes, our fearless leader who accepted millions of dollars before bankruptcy, during bankruptcy and after bankruptcy really doesn’t know what he is doing aside from collecting obscene amounts of money.

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Post ID: @2lao+1oGzW0uI

Geoffrey isn't going anywhere.

Watch..you guys can go elsewhere

Few could ever accomplish what he has

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Post ID: @2dag+1oGzW0uI

Perhaps they could just fire him for cause…he’s done enough. Or not enough. Whichever.

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Post ID: @2uqx+1oGzW0uI

They'd still need a replacement...he guided the company through fraud.
Thus this story is false..JMHO

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Post ID: @1tod+1oGzW0uI

he wants his money, if they are willing to pay he may leave. i doubt it.

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Post ID: @1hcr+1oGzW0uI

No way. The board has had many opportunities to let him go and he’s still here. He’s the puppet master. Hats off to him.

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Post ID: @1xvf+1oGzW0uI

Maybe one of the Browns?

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Post ID: @agq+1oGzW0uI

Wishful thinking - too much diligence work going on for a change. Unless a board member steps in. Is anyone qualified?

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Post ID: @dtb+1oGzW0uI

If that;s true then there’s really no merger. He would fight forever to get his 40 million.

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Post ID: @uah+1oGzW0uI

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