Uncovering The Salary Of Jeff Gennette, CEO Of Macy's

Nelle Farrell 01 Jul 2025

Who is Jeff Gennette? And How Much is Jeff Gennette Salary?

Jeff Gennette is the CEO of Macy's, Inc. He has been with the company since 1983 and has held various leadership positions, including Executive Vice President and Chief Merchandising Officer. In 2017, he was named CEO of Macy's. Gennette's annual salary is $12.5 million.

Gennette's salary is in line with other CEOs of major retailers. For example, the CEO of Nordstrom, Erik Nordstrom, earns an annual salary of $11.5 million. The CEO of Kohl's, Michelle Gass, earns an annual salary of $10 million. Gennette's salary is also comparable to the salaries of CEOs of other companies in the S&P 500 index. The median annual salary for CEOs of S&P 500 companies is $12.8 million.

Gennette's salary is based on his experience, performance, and the company's financial performance. Macy's has been struggling in recent years, but Gennette has taken steps to improve the company's performance. He has closed underperforming stores, invested in e-commerce, and launched new brands. Macy's financial performance has improved under Gennette's leadership, and the company's stock price has increased.

Name	Title	Salary
Jeff Gennette	CEO, Macy's, Inc.	$12.5 million
Erik Nordstrom	CEO, Nordstrom	$11.5 million
Michelle Gass	CEO, Kohl's	$10 million

Jeff Gennette Salary

Jeff Gennette, the CEO of Macy's, Inc., earns an annual salary of $12.5 million. This figure is in line with other CEOs of major retailers and is based on Gennette's experience, performance, and the company's financial performance.

High: Gennette's salary is among the highest in the retail industry.
Experience: Gennette has over 30 years of experience in the retail industry, including 15 years as CEO of Macy's.
Performance: Macy's financial performance has improved under Gennette's leadership, and the company's stock price has increased.
Compensation: Gennette's salary is part of a larger compensation package that includes stock options and other benefits.
Shareholders: Some shareholders have expressed concern about Gennette's salary, arguing that it is too high.
Industry: The retail industry is facing challenges, including the rise of e-commerce and changing consumer preferences.
Future: Gennette's salary may change in the future, depending on Macy's financial performance and the retail industry landscape.

In conclusion, Jeff Gennette's salary is a complex issue that involves factors such as his experience, performance, and the company's financial performance. It is important to consider all of these factors when evaluating Gennette's salary.

1. High

Jeff Gennette's salary is among the highest in the retail industry because of his experience, performance, and the company's financial performance. Gennette has over 30 years of experience in the retail industry, including 15 years as CEO of Macy's. Under Gennette's leadership, Macy's financial performance has improved, and the company's stock price has increased.

Gennette's salary is also comparable to the salaries of CEOs of other major retailers. For example, the CEO of Nordstrom, Erik Nordstrom, earns an annual salary of $11.5 million. The CEO of Kohl's, Michelle Gass, earns an annual salary of $10 million. Gennette's salary is also comparable to the salaries of CEOs of other companies in the S&P 500 index. The median annual salary for CEOs of S&P 500 companies is $12.8 million.

Gennette's salary is a reflection of his value to Macy's. He is a highly experienced and successful CEO who has led Macy's through a period of financial improvement. His salary is commensurate with his experience, performance, and the company's financial performance.

2. Experience

Jeff Gennette's salary is commensurate with his experience and performance. He has over 30 years of experience in the retail industry, including 15 years as CEO of Macy's. This experience has given him the skills and knowledge necessary to lead Macy's through a period of financial improvement.

Leadership: Gennette has a proven track record of success in the retail industry. He has led Macy's through a period of financial improvement, and the company's stock price has increased under his leadership.
Expertise: Gennette has a deep understanding of the retail industry. He has worked in various roles throughout the industry, including merchandising, marketing, and operations. This expertise has given him the knowledge and skills necessary to make sound decisions for Macy's.
Relationships: Gennette has strong relationships with key stakeholders, including vendors, customers, and employees. These relationships have helped him to build a successful business for Macy's.
Vision: Gennette has a clear vision for the future of Macy's. He is committed to transforming the company into a leading omnichannel retailer. This vision has inspired employees and investors alike.

Gennette's experience and performance have made him a valuable asset to Macy's. He is a highly experienced and successful CEO who has led Macy's through a period of financial improvement. His salary is a reflection of his value to the company.

3. Performance

The connection between Macy's financial performance and Jeff Gennette's salary is clear: as the company's performance improves, so does Gennette's salary. This is because Gennette's salary is based on a number of factors, including the company's financial performance. When the company does well, Gennette is rewarded with a higher salary.

There are a number of reasons why Macy's financial performance has improved under Gennette's leadership. One reason is that Gennette has made a number of changes to the company's operations, including closing underperforming stores and investing in e-commerce. These changes have helped to improve the company's profitability.

Another reason for Macy's improved financial performance is Gennette's focus on customer service. Gennette has made a number of changes to the company's customer service policies, including extending the return period and offering free shipping on online orders. These changes have helped to improve customer satisfaction and loyalty.

The improvement in Macy's financial performance has had a positive impact on Gennette's salary. In 2017, Gennette's salary was $11.5 million. In 2018, his salary increased to $12.5 million. This increase in salary is a reflection of Gennette's success in improving Macy's financial performance.

The connection between Macy's financial performance and Jeff Gennette's salary is an important one to understand. It shows that Gennette is rewarded for his success in leading the company. This connection also provides an incentive for Gennette to continue to improve the company's performance.

4. Compensation

Jeff Gennette's salary is part of a larger compensation package that includes stock options and other benefits. This compensation package is designed to reward Gennette for his performance as CEO of Macy's and to align his interests with those of the company's shareholders.

Stock options give Gennette the right to buy a certain number of shares of Macy's stock at a set price. If the stock price increases, Gennette can exercise his options and sell the shares for a profit. Stock options are a common form of compensation for executives because they provide an incentive to perform well and increase the company's stock price.
Other benefits that Gennette may receive include health insurance, life insurance, and a retirement plan. These benefits are designed to attract and retain talented executives like Gennette.

Gennette's total compensation package is determined by the Macy's board of directors. The board considers a number of factors when setting Gennette's compensation, including his performance, the company's financial performance, and the compensation of other CEOs in the retail industry. Gennette's compensation package is designed to be competitive and to reward him for his success in leading Macy's.

5. Shareholders

The connection between shareholders' concerns about Gennette's salary and Gennette's salary itself is complex and multifaceted. On the one hand, shareholders are the owners of the company and have a right to be concerned about how their money is being spent. On the other hand, Gennette is the CEO of the company and is responsible for its success. As such, he deserves to be compensated fairly for his work.

Shareholder Concerns
Shareholders may be concerned about Gennette's salary for a number of reasons. First, they may believe that his salary is too high in comparison to the salaries of other CEOs in the retail industry. Second, they may believe that Gennette's salary is not justified by the company's performance. Third, they may believe that Gennette's salary is a waste of money that could be better spent on other things, such as investing in the company's business.
Company Performance
The company's performance is a key factor in determining whether or not Gennette's salary is justified. If the company is performing well, then shareholders are more likely to be supportive of Gennette's salary. However, if the company is performing poorly, then shareholders are more likely to be critical of Gennette's salary.
CEO Compensation
The salaries of other CEOs in the retail industry can also be used to justify Gennette's salary. If Gennette's salary is in line with the salaries of other CEOs, then shareholders are less likely to be concerned about it. However, if Gennette's salary is significantly higher than the salaries of other CEOs, then shareholders are more likely to be critical of it.
Shareholder Rights
Shareholders have a right to express their concerns about Gennette's salary. They can do this by voting against Gennette's salary package at the company's annual meeting. They can also contact the company's board of directors to express their concerns.

Ultimately, the decision of whether or not Gennette's salary is too high is a complex one. There are a number of factors that need to be considered, including the company's performance, the salaries of other CEOs in the retail industry, and the rights of shareholders.

6. Industry

The retail industry is undergoing a period of significant change, with the rise of e-commerce and changing consumer preferences. These challenges have had a significant impact on Macy's, the company where Jeff Gennette is CEO. As a result, Gennette's salary has been affected by these changes.

Decreased foot traffic: The rise of e-commerce has led to a decrease in foot traffic in Macy's stores. This has had a negative impact on sales and has made it more difficult for Macy's to compete with online retailers. As a result, Gennette's salary has been impacted by the decline in Macy's sales.
Changing consumer preferences: Consumers are increasingly shopping online and are looking for more personalized and convenient shopping experiences. This has forced Macy's to change its business model and invest in new technologies. As a result, Gennette's salary has been impacted by the need to invest in new initiatives.
Increased competition: The retail industry is becoming increasingly competitive, with new entrants and the rise of online retailers. This has made it more difficult for Macy's to differentiate itself and attract customers. As a result, Gennette's salary has been impacted by the need to compete with other retailers.
Need for innovation: In order to remain competitive, Macy's needs to innovate and find new ways to attract customers. This requires significant investment in new technologies and initiatives. As a result, Gennette's salary has been impacted by the need to invest in innovation.

The challenges facing the retail industry have had a significant impact on Jeff Gennette's salary. As the CEO of Macy's, Gennette is responsible for leading the company through this period of change. His salary is reflective of the challenges that he faces and the need to invest in new initiatives in order to remain competitive.

7. Future

The future of Jeff Gennette's salary is uncertain and depends on a number of factors, including Macy's financial performance and the retail industry landscape.

Macy's financial performance
Macy's financial performance is a key factor in determining Gennette's salary. If Macy's financial performance improves, Gennette's salary is likely to increase. However, if Macy's financial performance declines, Gennette's salary is likely to decrease.
Retail industry landscape
The retail industry landscape is also a key factor in determining Gennette's salary. If the retail industry landscape changes in a way that benefits Macy's, Gennette's salary is likely to increase. However, if the retail industry landscape changes in a way that harms Macy's, Gennette's salary is likely to decrease.
Other factors
In addition to Macy's financial performance and the retail industry landscape, there are a number of other factors that could affect Gennette's salary. These factors include the performance of other CEOs in the retail industry, the overall economy, and Gennette's own performance.

Given the uncertainty of the future, it is difficult to predict what Gennette's salary will be in the years to come. However, it is clear that his salary will be influenced by a number of factors, including Macy's financial performance and the retail industry landscape.

FAQs about Jeff Gennette Salary

This section provides answers to frequently asked questions about Jeff Gennette's salary and related topics.

Question 1: What is Jeff Gennette's salary?

Jeff Gennette's annual salary as CEO of Macy's, Inc. is $12.5 million.

Question 2: How is Jeff Gennette's salary determined?

Gennette's salary is determined by the Macy's board of directors. The board considers a number of factors when setting Gennette's salary, including his performance, the company's financial performance, and the compensation of other CEOs in the retail industry.

Question 3: Is Jeff Gennette's salary justified?

Whether or not Gennette's salary is justified is a matter of opinion. Some shareholders believe that his salary is too high, while others believe that he is fairly compensated for his work. Ultimately, the decision of whether or not Gennette's salary is justified is up to the Macy's board of directors.

Question 4: How has the retail industry landscape affected Jeff Gennette's salary?

The retail industry is undergoing a period of significant change, with the rise of e-commerce and changing consumer preferences. These changes have had a negative impact on Macy's sales, which has in turn affected Gennette's salary.

Question 5: What is the future of Jeff Gennette's salary?

The future of Gennette's salary is uncertain and depends on a number of factors, including Macy's financial performance and the retail industry landscape. If Macy's financial performance improves, Gennette's salary is likely to increase. However, if Macy's financial performance declines, Gennette's salary is likely to decrease.

Summary: Jeff Gennette's salary is a complex issue that involves a number of factors, including his performance, the company's financial performance, and the retail industry landscape. It is important to consider all of these factors when evaluating Gennette's salary.

Transition: For more information on Jeff Gennette and Macy's, please visit the company's website.

Conclusion

Jeff Gennette's salary is a complex issue that involves a number of factors, including his performance, the company's financial performance, and the retail industry landscape. It is important to consider all of these factors when evaluating Gennette's salary.

The retail industry is undergoing a period of significant change, and Macy's is not immune to these changes. The rise of e-commerce and changing consumer preferences have had a negative impact on Macy's sales, which has in turn affected Gennette's salary. However, Gennette has taken steps to improve Macy's financial performance, and the company's stock price has increased under his leadership. It remains to be seen how the retail industry landscape will evolve in the future, but Gennette is well-positioned to lead Macy's through this period of change.

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