$7 - 10 Million dollars for GVR! Nothing for us! No love. No transparency. - post regarding Neiman Marcus Group layoffs

$7 - 10 Million dollars for GVR! Nothing for us! No love. No transparency.

The filings for bankruptcy are long and bulky - but guess what has been public information? Hidden away? Geoffroy received a $4 Million bonus in February! look at pages 297-298 of document 950.

https://cases.stretto.com/public/X064/10214/PLEADINGS/1021406202080000000081.pdf

Why did he receive that - while telling us we couldn't get a salary increase? And cutting our jobs? A bonus for what? FOUR MILLION!?

And there's more - if we get out of bankruptcy in September - which everyone says will happen - he will get $3 Million more! Just for hitting a deadline- didn't he lead us to bankrupty? And if we deliver results he gets $3 Million more!

Page 7 of document 971
https://cases.stretto.com/public/X064/10214/PLEADINGS/1021406232080000000028.pdf

Please don't come to my store - no trust anymore! No more videos of love! This is flat out greed. We work all of the time and we get nothing!

Comment! It's anonymous!

5 replies (most recent on top)

Thank you for doing the research for us all to see. This man is and always has been out for himself and ares / Canadian pension plan owners let him line his pockets as much as he wanted because he gave them a billion dollar company on a silver platter ( my Theresa ). It is so sad to see such a wonderful company suffer over the years with terrible deals like the leveraged buy out which was the catalyst of its demise. What has gvr even done for this company besides cut jobs and threaten jobs bases on quarterly performance. He’s done nothing but take and it’s disturbing to hide behind messages of love.
We see you and now the feds do too

This is nothing surprising that GVR would get bonus money while the rest got coal. It's standard practice across all companies where CEOs get fat bonuses, and especially at NM where the top gets nice things while the rest do not. When is GVR going to get canned?

Any word on the employee severance packages? will they be eliminated due to the bankruptcy? Thanks

Disgusting show of greed. There no heart left to this company. Sad for all those who got laid off. *cutting up my NM card.

Is this true? If it is I bought his story and falling out of love.

Thread regarding Neiman Marcus Group layoffs

$7 - 10 Million dollars for GVR! Nothing for us! No love. No transparency.

5 replies (most recent on top)

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