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Tuesday, nov 26
Tag:
Independent Investigation
Business
Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says
A Macy’s employee misstated up to $154 million in delivery expenses over several years, the company just said. The development forced the retailer to delay its third-quarter earnings report. The employee, whose name has not been released, has been fired. According to the company, the employee responsible for accounting small package delivery expenses made erroneous accrual entries to conceal the costs from the fourth quarter of 2021 through the most recent quarter. During that time, Macy’s reported a total of $4.36 billion in delivery expenses. The company conducted an independent investi…
News
Hogan Calls For Independent Investigation Into Grade Changing In Baltimore City Public Schools
An independent investigation into the grade-changing scandal within Baltimore City Public Schools has been announced, says Maryland officials. Maryland Gov. Larry Hogan announced an investigative report into the scandal that was launched on June 7 after a pattern of grade-changing practices was brought to light. "Since the earliest days of our administration, I have led the fight for more accountability in our local school systems and pushed to raise academic standards while rooting out corruption and mismanagement", Hogan said. The statement continued on to condemn the "unconscionable beh…