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Life Without Father Is Tough At Macy's


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LIFE WITHOUT FATHER IS TOUGH AT MACY'S

Bankruptcy pressures are one way for companies to send the boss's kid packing. Ex-Macy's CEO Edward Finkelstein, who resigned under pressure in April, had secured his two sons lucrative jobs before he left. But life without Dad can be rough: Finkelstein's younger son, Mitchell, recently resigned as president and managing director of Macy's product development in Asia. In the year ended last August, Mitchell made $400,000, on top of a $142,000 overseas housing allowance. A Macy's official confirmed that Mitchell would not be replaced. Finkelstein's oldest son, Daniel, is staying on as chairman of Macy's West. Dan made $553,000.EDITED BY JOAN WARNER


Later, Baby
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