By  on January 5, 1994

NEW YORK — By many accounts, Myron E. Ullman has done a good job in a difficult situation, striving to salvage the beleaguered R.H. Macy & Co.

The chairman and chief executive of the $6.6 billion chain has closed stores, cut losses, met cash flow plans in 10 of the last 11 months, brought expenses down to a reasonable ratio of sales and steered a merchandising-driven organization into the age of computers with state-of-the-art systems.

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