Macy's ends delivery expense investigation, saying employee hid $151 million

Macy's on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million of delivery expenses on its accounting books for nearly three years and has revised those years of its historical financial statements.In a statement, CEO Tony Spring, who stepped into the role in February, said Macy's is "strengthening our existing controls and implementing additional changes designed to prevent this from happening again and demonstrate our strong commitment to corporate go ...