Thread regarding Sears layoffs

Two things irritate me

The 1st is that I don't know how or why you would EXPECT severance from a dying company in front of the bankruptcy court. Doesn't make sense because the company is not going to have the money to pay. If you're not management, what do you get? Four free paychecks? That's not very much. If you're management and you've ridden this out hoping to get extra free money .... well .... aren't you the smarty pants manager? You should have figured this out.

The 2nd is Leena & Rob getting paid millions to stay with the company that they, especially Leena, had a large role in ruining. It should be the LAW that A new slate of people is brought in because doing it this way allows the wrongdoers to CONTINUE to profit from their ineptitude or malice.

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| 901 views | | 3 replies (last October 17, 2018) | Reply
Post ID: @OP+VFtuQpr

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OP - your second point is spot on, how can insiders, who have been fiercely loyal to Eddie, be put in charge and considered independent?! Befor he crowned himself CEO he called all the shots as chairman. So much so that he was named “worst ceo of the year” by Forbes when he was chairman, they cited his total control of the company as the reason he made their list. Makes zero sense to put insiders in charge with Eddie as chairman, if they really wanted Sears to have a chance they’d name an outsider as ceo, not insider puppets

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Post ID: @1gcx+VFtuQpr

I saw the writing on the wall and got out 6 months ago after 27 years with Sears.

My severance of sorts was a large vacation bank which was paid out in one check after I left but I was fortunate to have found another job prior to giving my resignation notice at Sears so I did not have to rely on my vacation payout as sole means of support.

I don't know what sort of mess that I would have had to circumnavigate had I waited until now or until the end to leave instead of 6 months ago.

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Post ID: @bit+VFtuQpr

This was a response to some asking again about severance now that there is official bankruptcy.

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Post ID: @bhe+VFtuQpr

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