Neiman Marcus CEO Geoffroy van Raemdonck made headlines in September when he showed off his $2.3-million Lakewood home, just after employees were laid off as the retailer emerged from bankruptcy.

Now our neighbor is back in the news for another less-than-flattering reason.

The Belgian-born CEO is accused of giving himself and other top executives a health insurance plan that reportedly eliminates co-pays and deductibles after widespread layoffs and pay cuts, according to a New York Post article. An anonymous employee complained about the plan on EthicsPoint, an online reporting tool, and said van Raemdonck should have eliminated the plan to save money.

Van Raemdonck told the Dallas Morning News all benefit plans that were in place before the bankruptcy filing were continued and approved by the court. However, he signaled that the plan could change in the future.


WANT MORE?
Click to sign up for the Advocate's weekly news digest and be the first to know what’s happening in Lakewood/East Dallas.