Macy's rogue employee hid $151M in expenses to cover up mistake, wasn't motivated by personal gain: report

Macy’s said an investigation into accounting problems found that a rogue employee hid more than $151 million in expenses to cover up a bookkeeping mistake and wasn’t motivated by personal or financial gain, according to a report.News of the accounting coverup in late November delayed the company’s quarterly earnings report and sent its shares tumbling. The department store giant’s shares slid by more than 11% on Wednesday after Macy’s cut its profit outlook for the year. 3 Macy’s chief executive Tony Spri ...