CNN: Bankrupt Sears still wants to give executives $19 million bonus

[h***@bbs.cpcn.com]

Sears is seeking court approval to pay executives as much as
$19 million in quarterly bonuses while the company struggles
to restructure in bankruptcy. Meanwhile, hundreds of employees
are losing their jobs and receiving no contracted severance.


Isn't a bonus a reward for when something is accomplished?
Isn't a bankruptcy a mark of bad performance?


article at:
https://www.cnn.com/2018/11/16/business/sears-executive-bonuses/index.html


another example of Republican Wall Street screwing the rest of us.

[a***@gmail.com]

Post by h***@bbs.cpcn.com
Sears is seeking court approval to pay executives as much as
$19 million in quarterly bonuses while the company struggles
to restructure in bankruptcy. Meanwhile, hundreds of employees
are losing their jobs and receiving no contracted severance.
Thanks for the news...now that I know this I will absolutely not buy one damn thing from Sears. 19 million to execs that caused the company to crumble? They should be out on their asses!
Isn't a bonus a reward for when something is accomplished?
Isn't a bankruptcy a mark of bad performance?
https://www.cnn.com/2018/11/16/business/sears-executive-bonuses/index.html
another example of Republican Wall Street screwing the rest of us.

[RichA]

Post by h***@bbs.cpcn.com
Sears is seeking court approval to pay executives as much as
$19 million in quarterly bonuses while the company struggles
to restructure in bankruptcy.

They shouldn't be "restructuring," they should be gone. Propping them up is a vastly larger loss-maker than severance.

[b***@gmail.com]

The real entitlement class!