A Reunion In Macy's Executive Suite
An old retailing hand may be back in the saddle. R.H. Macy, operating under bankruptcy protection since early 1992, is about to hire Michael Steinberg as CEO of its troubled $2.5 billion Macy's West division, pending approval by its creditors. Steinberg, 64, who retired as chairman of Foley's in Houston in February, couldn't be reached, and Macy's declined to comment. Steinberg probably knows what he's getting into. A friend and onetime mentor to Macy's CEO Myron Ullman III, Steinberg's office was next to Ullman's when the two worked for the Sanger Harris chain in the early '80s.