On top of his standard pension, Mike Jeffries had been receiving lifetime bonus payments totalling about $1m (£801k) a year.
But in October, the BBC revealed claims of exploitation by young men recruited for sex events while he was boss.
A lawsuit then accused the US retailer of funding a sex-trafficking operation.
The brand told the BBC it has now suspended these extra retirement payments to Mr Jeffries.
Why were they even paying him $1m per year in perpetuity when he doesn’t even work for the company? Seems like a massive waste of the public investors money on top of a huge exploitation scandal.
Yeah wtf. If I was an investor I’d be pissed. Reading this I assumed they weren’t public or something but nope, AND is publicly traded. You could a funded this guy’s retirement up until they cut him off. Wow.
Exactly the process I went through! The golden parachutes are egregious enough, what can we call this practice of just giving them free money in perpetuity? The golden waterslide perhaps? 🤣
He took a company pissing away tens of millions a year and turned them into 2B dollar company. Something tells me they don’t care.