Bed Bath & Beyond didn’t pay severance to thousands of workers
“We knew Bed Bath was in trouble, but we thought we would have at least a couple more years,” said Zaccagna, 50, who started out as a part-time employee and climbed her way to a merchandise supervisor. Zaccagna loved working for Bed Bath & Beyond and said the company treated her well.
There is no federal requirement for severance pay, although some collective bargaining agreements with unions cover severance agreements. Senior executives often have multimillion-dollar severance plans with employers and receive lucrative retention bonuses to stay with companies if they file for bankruptcy. At Bed Bath & Beyond, CEO Sue Gove is eligible for $7.1 million in severance pay and former Bed Bath & Beyond CEO Mark Tritton is suing the company for $6.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bed Bath & Beyond stock’s meme-like bounce won’t last, analyst saysBed Bath & Beyond stock's big bounce off a record low is fueled by social-media speculation and is not likely to last, said Capital.com.
Read more »
Bed Bath & Beyond stock jumps as meme-like bounce continuesShares of Bed Bath & Beyond are up more than 30% premarket after ending Tuesday’s session up 22.5%.
Read more »
Bed Bath & Beyond revives bankruptcy preparations - Bloomberg TVBed Bath & Beyond Inc is reviving bankruptcy preparations, Bloomberg TV reported on Wednesday, as the home goods retailer has struggled with dropping sales and competition from big-box retailers for a while.
Read more »
Bed Bath & Beyond’s stock rallies toward longest win streak in 3 monthsBed Bath & Beyond Inc.'s stock jumps 34% as shares of the troubled home-goods retailer extend their meme-like bounce to a third straight session.
Read more »
Bed Bath & Beyond revives bankruptcy preparations - Bloomberg LawBed Bath & Beyond Inc is talking with advisers and lenders ahead of a bankruptcy filing that could come in the next few weeks, Bloomberg Law reported on Wednesday, citing people with knowledge of the conversations.
Read more »
Bed Bath & Beyond stock price jumps on reports of bankruptcy preparationsBed Bath & Beyond surges as meme traders pour in amid reports the ailing retailer is prepping for bankruptcy
Read more »