Headlines

Kahn Job

Former May Co. ceo to collect $9.6 million

Published

19 years ago

July 22, 2005

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Eugene Kahn, former ceo of The May Department Stores Co. (St. Louis), will reportedly collect $9.6 million in salary and bonuses from his ex-employer, soon to be part of Federated Department Stores (Cincinnati).

Kahn, who abruptly resigned in January after Federated executives first showed interest in buying May, agreed to a non-compete deal and not to bring legal claims against May related to his resignation.

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