according to the WSJ, judge gives Lambert until tomorrow to come up with 120mil to keep 425 stores alive..
https://www.wsj.com/articles/auction-for-sears-will-go-ahead-on-january-14-lawyer-11546971475
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Guaranteed by the PGBC because the government has been strong-arming Eddie into paying billions into the pension fund by court order. You think Eddie would have paid a penny into it otherwise?
And guaranteed by the PBGC up to something like $68k/year per person.
Eddie can't touch the pension. That's walled off by the court.
Eddie will steal the 121 million from the pension as he blames us for the downfall of the company. Gave the company 40 years of my life and my loyalty for what? In the end Eddie gets richer and we lose part of our earned retirement.
Who's going to start the GoFundMe for Eddie?
Care? Omg..
Come Friday the " bankrupt" judge will give fast eddie time to find a leprechaun with lucky charms
Eddie doesn't care about anything but the real estate. Had he cared, Sears wouldn't be in the hole it's in.
Sears lives on. Goes to show he really does care.
I read the 120M is to be able to take part in the liquidation bidding, along with
the others.
Why doesn't Eddie just pay the 120 million right now? What does waiting one day do except draw even more speculation? Just pay it now or don't. This will they/won't they sh!t is so fcking old.
It's a little ridiculous. Sometimes we have to just say goodbye and let things die. It seems like they are just messing with people at this point. Sears lives one more day... will Eddie make the 120 million dollar payment. All the HE employees are doing lately is discussing if they have a job one more day. It's just a waste of time at this point.
Then tomorrow the judge will give him until Thursday to locate a unicorn...