Retail Industry
Industry: Email Alert RSS FeedUllman to exit Macy's Jan. 31, 1995. (R. H. Macy and Company Inc. chairman Myron E. Ullman)
Daily News Record, September, 1994 by Moin, David
R. H. Macy and Company Inc CEO Myron E. Ullman announced that he will leave his post Jan 31, 1995 after the company completes its merger with Federated Department Stores. Ullman is credited with improving the company's buyer-planner system but was unsuccessful in his attempt to keep the firm independent of Federated. Ullman will receive a severance package worth about $13 million based on a bankruptcy court-approved agreement.
NEW YORK -- Myron E. Ullman, chairman and CEO of R.H. Macy, said Monday that he will leave the company on Jan. 31, 1995, after it consummates its merger with Federated Department Stores in December.
Ulman will receive a severance of around $13 million.
Ullman, the highly confident hardworking systems and finance-oriented manager,...
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