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Macy's CEO responds to Jeff Bezos: We put our tax savings back into our employees

Tyler Clifford

"We decided to put [tax savings] back into the community of our colleagues," Macy's CEO Jeffrey Gennette says in an interview with Jim Cramer. "Every single colleague — all 130,000 — [got] a quarterly bonus as a result of the production of that store [or] that call center," he says in response to Amazon CEO Jeff Bezos' wages challenge. Macy's M used its savings from 2018 tax reform to create a "path for growth," CEO Jeffrey Gennette told CNBC Thursday.