Now we know where the six million dollars went. Nice mansion! And I still need help on my health insurance bill.
18 replies (most recent on top)
I bet he’s trying for the Tapestry job.
Any bets on how long he stays now that he has his money?
GVR says a lot but let's be real - there's no way he's sharing anything. It's clear what he values by the payouts - he took care of himself and no others. True colors come out in a crisis. His only color is that of money. I join the others in looking for a new job.
Maybe the upcoming severance will cover the health insurance we owe before COBRA. My GM is on pins and needles so I’m thinking another round is coming. I agree with others - morale is terrible, there’s no connection to Dallas and the leaders just don’t seem to care. I can’t afford to take out a loan!
Yep and GVR says "I'm inspired by the love and dedication of our associates." Were all love, all heart, and all bull sh–." No communication for months except to push outrageous insurance down our throats. Pay to stay bonuses for the favorites and the rest of us called back with outrageous sales goals only to have our jobs threatened again and being told we will be TERMINATED. All the while having no stock, our client lists given to other associates and a sh– morale. I know many many associates including myself that are looking to leave even if that means a pay cut. This company tortures their people and leads with fear. Those that stay will most likely have salary cuts as a few of them have already.
Associates being called back from furlough to a store mostly empty of customers and severely depleted of merchandise, are being handed a bill for thousands for health insurance company paid while furloughed. Being given 2-months to pay it back when they’re on straight commission with business being nowhere near what it was pre-covid and no new inventory to sell. HR is suggesting taking out a personal loan. It’s a desperate situation for many.
Does anyone know if GVR is taking his huge bonus and now sharing with others? Or is that the rumor mill gone wrong? If so, I’m impressed and quite surprised. . If not, I remain depressed and agree with the other comments. He has a lot to share...
GVR is no better than the crook private equity firms that have owned Neiman Marcus. They have slowly been siphoning the assets of the company over time and converting it to bonuses despite the companies financial duress. They have no stake in the game, as the company itself is the collateral. The employees, customers, and the brand were all casualties while they roll around in piles of money.
We’re being compared to Macy’s now. The bar continues to fall....
LOL... I work at Macy's and the same exact thing happened – mass lay-offs, no raises this year for the rest of us, but the CEO and his buddies got million dollar bonuses mid-July, just weeks after the lay-offs.
Stay classy!
Six million?! Is that right? I thought he already received four million. Does this make it ten overall?
No trust is right.
Its funny how nice they are to our face.
Its sad when they talk about us behind our backs.
Its amazing that they think we're unaware.
When we had our salary freezes and furloughs I had this picture of GVR and his team fighting hard and trying to figure out how to keep us whole and employed. And making a sacrifice or two with us. How stupid can I be?
GVR will rank up there with the worst CEO’s in history including Roger Smith from General Motors and Eddie Lampert from Sears. Maybe filmmaker Michael Moore needs to do a documentary on Neiman Marcus greed and corruption.
"It's common for the CEO to receive a large payout when exiting bankruptcy" said our CEO. As he counted his large payout while we wonder if we will get another paycheck.
Ten years + with the company and now I have no choice but to post on a message board. That is so sad in itself. No trust anymore. The family feeling is gone. Greed is now good.
We get Nothing. But Love. I’m lucky I still have my job compared to the many who have already lost theirs. The greed at the top is hard to believe. We’re in this together until it comes to financials.