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Ex-executives sue Federated for severance pay

Three former executives of Federated Department Stores Inc. say the company owes them more than $775,000 in severance pay, and they’ve gone to court to try to get it. The money represents the wages the company agreed to pay the former employees while their noncompete agreements were in effect. Federated, parent company of Macy’s and Bloomingdale’s, took ...

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