Macy's employee responsible for up to $154m in hidden expenses

A single employee at Macy's is responsible for hiding up to $154 million in expenses over nearly three years. This employee was tasked with accounting for small package delivery expenses. An independent investigation found no evidence of any other employee's involvement in the accounting irregularities. As a result, Macy's has delayed the release of its quarterly earnings report from its original date of November 30 to December 11.