{"id":76746,"date":"2020-09-28T02:39:51","date_gmt":"2020-09-27T23:39:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/neiman-marcus-ceo-angers-employees-with-mansion-magazine-article\/"},"modified":"2020-09-28T02:39:51","modified_gmt":"2020-09-27T23:39:51","slug":"neiman-marcus-ceo-angers-employees-with-mansion-magazine-article","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/neiman-marcus-ceo-angers-employees-with-mansion-magazine-article\/","title":{"rendered":"#Neiman Marcus CEO angers employees with mansion magazine article"},"content":{"rendered":"

“#Neiman Marcus CEO angers employees with mansion magazine article<\/strong>”
\n<\/p>\n

\n The CEO of Neiman Marcus is being blasted for flaunting his wealth in the midst of a bankruptcy that led to job losses and pay cuts for rank-and-file workers, The Post has learned.<\/p>\n

Geoffroy van Raemdonck steered the luxury retailer out of bankruptcy on Friday \u2014 but not before he and his Dallas mansion popped up in the September issue<\/a> of a luxury magazine aimed at high-net-worth people.<\/p>\n

The 11-page PaperCity spread showcases the \u201c1927 Italianate-style house\u201d van Raemdonck shares with his interior-designer husband, Alvise Orsini, which is filled to the brim with expensive touches, including artworks by Andy Warhol, \u201csilk cover walls\u201d and 18th-century French and Italian furniture.<\/p>\n

One guest bathroom, adorned with a dreamscape mural and \u201csilver and mirrored cabinets from the 1930s,\u201d is described as \u201cthe most glamorous guest loo ever.\u201d Outside, near the pool and pool house, is a chicken coop so elaborate the author describes it as \u201cmore Versailles than farmhouse.\u201d<\/p>\n

Van Raemdonck and Orsini are shown in the glossy spread lounging atop a \u201ccustom sofa . . . upholstered in silk velvet.\u201d Above them are two prints from Warhol\u2019s \u201cReigning Queens\u201d series<\/a>.<\/p>\n

Neiman staffers were flabbergasted.<\/p>\n

\u201cHe either doesn\u2019t care or he\u2019s tone-deaf,\u201d one employee griped to The Post. \u201cEveryone is wondering why [he] agreed to show off the house while health care, bankruptcy and layoffs are the main topics for Neiman Marcus.\u201d<\/p>\n

It wasn\u2019t the Belgian-born luxury merchant\u2019s first time offending staffers since his Neiman Marcus Group, which also owns Manhattan\u2019s Bergdorf Goodman, filed for bankruptcy in May.<\/p>\n

On March 30, Neiman announced it would be furloughing a majority of its 14,000 employees or temporarily cutting their salaries. Van Raemdonck at the time said he would waive \u201c100 percent\u201d of his salary.<\/p>\n

But it later emerged that he and other top executives stood to pocket as much as $9.9 million on the bankruptcy \u2014 with the biggest pot of $6 million being set aside for van Raemdonck, after he already received about $4 million in bonuses in February, before the pandemic hit.<\/p>\n

On Friday, Neiman said it emerged from its Chapter 11 bankruptcy protection with a restructuring plan that eliminated $4 billion in debt and $200 million in annual interest expenses.<\/p>\n

It\u2019s unclear how much van Raemdonck stands to pocket as a result, but Neiman has previously said it would pay him and the other execs top dollar if the company emerged from bankruptcy with a clean balance sheet by Sept. 15, and less if the plan was confirmed by Nov. 15.<\/p>\n

Neiman didn\u2019t respond to multiple requests for comment. The PaperCity spread comes as the company last week said its reorganization plan would result in an unspecified number of layoffs for \u201cselling and non-selling associates.\u201d Staffers say the company started handing out pink slips last week.<\/p>\n

Adding insult to injury, employees who have recently returned to work say Neiman has slapp<\/a>ed them with bills for thousands of dollars in health-insurance premiums the company shouldered for them while they were furloughed.<\/p>\n

Neiman is giving rehired staffers just two months to pay the premiums that would normally have been deducted from paychecks. Those who can\u2019t afford it are being told to \u201ctake out loans to cover the costs,\u201d sources said.<\/p>\n

\u201cThere\u2019s no way people can do this,\u201d said a Neiman employee who did not want to be identified for fear of being fired. \u201cRent is a stretch.\u201d<\/p>\n

Experts say it\u2019s unusual for companies to ask to be repaid for covering furloughed employees\u2019 share of their health-care premiums.<\/p>\n

\u201cI haven\u2019t heard of anyone asking for the money back,\u201d said Dana Fried, managing director of national tax services for CohnReznick, who advises companies on tax issues during the pandemic.<\/p>\n

Macy\u2019s and Saks Fifth Avenue, which also paid for furloughed staffers\u2019 shares of the health-care premiums after the coronavirus hit, have not asked rehired staffers to pay that money back, the stores told The Post.<\/p>\n

It\u2019s unclear when van Raemdonck and Orsini agreed to have their luxurious home featured in the magazine. The author of the article \u2014 PaperCity\u2019s European editor-at-large, Filippo Tattoni-Marcozzi, who is the godfather to one of the couple\u2019s children and Orsini\u2019s best friend \u2014 didn\u2019t return a request for comment.<\/p>\n

But the pandemic looms large in the spread, which discusses how the family has coped during difficult times.<\/p>\n

\u201cDuring our frequent video-calls, I could see them together beneath those beautiful original cobalt-blue-tinted roof tiles that cover their home, safe although worried like all of us around the world,\u201d Tattoni-Marcozzi writes.<\/p>\n

The piece also references Neiman\u2019s troubles.<\/p>\n

\u201cOn the screen I watch as the children play outside in the grass and in the pool . . . and I can see Geoffroy working hard in his home office, steering Neiman Marcus through tough decisions towards a new era.\u201d\n <\/p><\/div>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Neiman Marcus CEO angers employees with mansion magazine article” The CEO of Neiman Marcus is being blasted for flaunting his wealth in the midst of a bankruptcy that led to job losses and pay cuts for rank-and-file workers, The Post has learned. Geoffroy van Raemdonck steered the luxury retailer out of bankruptcy on Friday \u2014…<\/p>\n","protected":false},"author":1,"featured_media":76747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/09\/Geoffroy-van-Raemdonck-neiman-e1601249907793.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[73120,4978,1545,4960,72943,5015],"class_list":["post-76746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-9-27-20","tag-bankruptcy","tag-coronavirus","tag-layoffs","tag-neiman-marcus","tag-retailers"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/76746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=76746"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/76746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/76747"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=76746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=76746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=76746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}