What to expect?
4 replies (most recent on top)
http://blogs.wsj.com/cfo/2017/02/07/macys-deal-may-be-a-boon-if-hudsons-bay-has-a-real-estate-strategy/
Bring it on!!!!!!!!!!!!!!!! It will be quite a shake up!! Their structure is different and I assume many more stores will close. If the company is worth one number but the real estate value is worth more...maybe macy's is ripe for being purchased.
Expect the following executives to cash out as below...
Terry Lundgren, CEO: $80 million
Karen Hoguet, chief financial officer: $15 million
Jeff Gennette, president: $12 million
Jeffrey Kantor, chief stores and human resources officer: $14 million
Expect everyone else to take it in the backside and like it.
They have no interest in helping or saving Macys. They want to unlock the real estate values. They will more than likely close all locations to make a ton of money. They buy us out at 16 billion the real estate value is worth, according to StarBoard, 31 million. Don't have to be a scientist to figure out their intentions.