Distressed investment firm Marble Ridge Capital plans to cut its funds after a government report questioned the actions of its managing partner, Dan Kamensky, in the bankruptcy of the Neiman Marcus Group, the company said. “After much deliberation, and in light of the management environment, we have made the difficult …
Read More »Neiman Marcus executives seek $ 10 million in bonds during bankruptcy
Neiman Marcus is asking a federal bankruptcy court in Texas to allow nearly $ 10 million in salary increases for CEO Geoffroy van Raemdonck and seven other executives as the company goes through debt restructuring. The proposed compensation plan covers staff who are “critical to daily operations” and Neiman Marcus’ …
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