Macy’s shocked markets Monday when it discovered a single worker hid up to $154 million in delivery expenses over the last three years.
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The board of directors for Macy’s unanimously voted to end negotiations with Arkhouse and Brigade to take the company private.
Though small compared to each company’s total workforces, work stoppages have set uncomfortable precedents for management.
This month marks the end of what Goldman Sachs estimates will be a record year for stock buybacks, with a volume of roughly $930 billion.
In the first 11 months of the year, 1,991 CEOs have announced their departures, up 16% compared to the same timeframe last year.