Macy's CEO earns $14.4M in 2007

While the amount of money Lundgren makes is obscene, the real thrust of this story is the failure of his plan to buy up great regional department stores and turn everything into Macy's. In Chicago the great Marshall Field's flagship store now looks like a low-end, rather shabby warehouse store, with cracked marble floors and exit doors that are broken. We still miss Marshall Field's - terribly!- and will boycott Macy's until they go belly up. If someone in the business community has the astuteness to see where this story must end, they will buy back the Marshall Field's name and return our great store to all its glory. As for Terry Lundgren, he'll end up with a lot of money but little respect, a laughingstock in the history of retail enterprise.

I'm with you, Marianne! That's what I have been praying for - for an astute individual or company to come forward to restore our Marshall Field's!

It's so disgusting that Terry Lundgren, responsible for the worst business decisions in retail history, is making this kind of money. All I have to say is, "We wuz robbed." I hope the shareholders of Macy's, meeting this Friday in Cincinnati, can read the bottom line and put this fraud-in-a-suit where he belongs, in the unemployment line.

A newer version of the K-Mart managment. Give themselves millions in compensation while driving the company bankrupt with stupid decisions.

FoonTheElder wrote:

A newer version of the K-Mart managment. Give themselves millions in compensation while driving the company bankrupt with stupid decisions.

Exactly! And the stupid shareholders approve of this guy. What sheep!

I don't think the CEO or any of the executives have a clue about the employment culture at Macy's. Lungren receives millions and an employee may be lucky enough to receive a quarter/hr. raise! A quarter! Shame on all of them. The pressure of opening credit is unbearable. A newly hired associate may be a great employee but if he or she doesn't obtain the proper number of credit applicants they are fired. Gee, that is one way of building a loyal, experienced staff...Macy's cares only about their store credit, both the employees and customers are quite disgusted.