Heads roll following Saks investigation
May 10, 2005,
BIRMINGHAM, Ala. — Saks Incorporated has asked a number of its senior executives to resign after the company completed its internal investigation into improper vendor markdown allowances which took place from 1999-2003.
The investigation found approximately $20 million was improperly collected from vendors, whom SAFE has said it will "reimburse or otherwise compensate."
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