Legal Law

Maybe chapter is just not the most effective time to point out off your silk encrusted mansion

Neiman Marcus & # 39; Geoffroy van Raemdonck has a lot going for the CEO of a competitive retailer in the worst imaginable environment for brick and mortar suppliers. He has just steered the company out of bankruptcy and seen his main enemy defeated and humiliated, slapping the court to the end, making about $ 10 million for himself in the process. Amid vacations, layoffs, wage cuts, store closings, and global pandemic, this may not have been the best way to celebrate.

The 11-page PaperCity spread shows the Italian-style house from 1927 that van Raemdonck shares with his interior designer husband Alvise Orsini. It is filled to the brim with expensive details, including art by Andy Warhol, “silk walls”, and French and Italian furniture from the 18th century…. Van Raemdonck and Orsini can be seen in the shiny edition on a “custom sofa”. . . padded with silk velvet. “Above them are two prints from Warhol's" Reigning Queens "series….

"Either he doesn't care or he's deaf," one employee said to The Post. "Everyone is wondering why [he] agreed to show the house while healthcare, bankruptcy and layoffs are the main topics for Neiman Marcus."

Well, it seems he has a similar stance on Hertz's R. Eric Esper, who after a little over a month is moving his bankrupt CFO talents to less bankrupt companies where the bonuses are presumably better and not subject to legal veto.

Mr. Esper is leaving Hertz to become Chief Accounting Officer and Controller at United Natural Foods Inc., a Providence, R.I.-based grocer. Mr. Esper is losing his "retention bonus under the Company's Key Employee Retention Program" according to the regulatory filing filed on Monday. It is unclear how much his retention bonus was worth.

Neiman Marcus CEO shows mansion while employees get pink panties [N.Y. Post]An Italian in Lakewood [Paper City Magazine]Marble Ridge reaches settlement with Neiman Marcus – but a Texas judge has sharp words for the hedge fund [II]U.S. Retail Bankruptcies, Store Closures Hit Record In First Half [WSJ]Hertz CFO resigns after less than two months, Forfeits Bonus [WSJ]

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