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Neiman Marcus Wants to Raise Pay for CEO and 246 Others

Neiman Marcus filed for bankruptcy protection in May after the coronavirus closed its stores

NBC 5 News

Neiman Marcus is asking the bankruptcy court to give raises to chief executive officer Geoffroy van Raemdonck, seven additional executives who make up the C-suite and as many as 239 key employees.

The proposed retention and performance-based compensation plan covers staff who are “critical to day-to-day operations,” the company’s financial performance and the success of its restructuring in bankruptcy, according to a court filing.

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