Bankrupt Sears wants to give executives $19 million in bonuses

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Sears is seeking court approval to pay executives as much as $19 million in quarterly bonuses while the company struggles to restructure in bankruptcy

 

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Sears can i get part of that too? I didn't do a thing to keep you afloat either but hey since you want to give it away why not me... idiots lol

BONUSES..!! They should be in JAIL for what they did!...and Would be if they had done this in many other countries with different ideas on Bankruptcy protection ...

NO. Stick a fork it. Sears is dead

I’m not surprised by this at all. The same executives who can’t figure out how to turn their business around are going to get millions in bonuses? Really!? Meanwhile, an employee with 20+ years of busting their ass for pennies gets a worthless pin, and a cake. Disgusting.

Yeah, execs get bonuses while the employees on the front lines, taking shit from costumers about the no returns or exchanges 'return policy,' get their last paycheck and the right to look for a new job! FuckTheExecutives

Disgusting show of how corporations get to the point of bankruptcy. It is like Stockholm syndrome, they idolize the people that destroyed their company. They should get nothing

This is absurd.

The world is fucking mad

They should not get squat.

There are no words.

BernieSanders

Umm 😐 I’m no Judge but that’s a Heck No!

Lol! Rats eating the last bit of cheese before running down the mooring lines

Can anyone explain this lunacy Absolutely no reason to ever buy anything at Sears again!

One of the Top 5 reasons why Sears is going out of business - their executives can't sacrifice like their employees.

And hopefully they do not wonder why they are in bankruptcy. Shelling out $19 million every three months to corporate executives can indeed lead a company to bankruptcy. Corporate greed on display.

Screw corporate executives how about helping out all of those bottom level employees who need a paycheck to survive how about helping them out instead?

F¥€king insanity. They deserve 0 pay. The executives that helped run Sears into bankruptcy shouldn’t be getting anything,let alone bonuses.

A bonus for doing a poor job? 🙄

Hahahaha hahahahaha

Seems like they would put that money into reviving the company as its near dead at this point. Executives shouldn't get anymore money until they can increase revenue......Seriously who gets a raise for an F job?

How can that be permitted? The entire company is bankrupt and closing stores. So where are those bonuses coming from? Trump's alternate reality?

Their employees are leaving because the company won't pay for their health insurance, sick days, and holidays and they want $19 million bonuses for their remarkable management? Shame on Eddie.

While the twisted, plutocracy-fomenting, 'Gordon Geckos' of the avaricious, GOP cheer them on. Utterly obscene. RESIST the GOP and their propping up of their predatory, 'parasitic' and 'vulture' version of capitalism!

White color crime!!! This is ridiculous!!! Sears failed because the executives didn’t do their job!! Fire em don’t pay them! Stoooopid!

Nobody deserves a bonus like those at the helm of a sinking ship. Nice!

Coulda used a UNION!

If they do it, then they deserve to disappear.

Do they know trump? Sounds like something he'd do...

WTF America?

This is not unlike the 2008 economic crises when employees got pink slips, execs got multi-million dollar bonuses and the taxpayer got the bill.

Poor compensation if you ask me. Tarnished careers, not to mention the way the pay is structured they probably only made 10 million or so in regular salary. A real shame, they'll probably only get a few million for those 10 million shares they were given.

Sounds responsible.

Bullshit

Seriously, what year do they think this is? They are closing stores ND laying off employees and they want $19 mil? Better yet, fire them all for running an American institution into the dirt.

Hope they loose, give it to the fulltime and part time employees on the front line in stores that stayed with them all those years for a change. Executive greed can stop anytime.

BernieSanders

Apparently severance and pensions don’t have a voice in these proceedings. Imagine how insulting this proposal must be to a loyal employee without a job to see the very people who ran Sears into the ground, still profiting from their failure. Just say NO! How could it get worse?

Maybe those kind of executive payments were a large part of what got them into this trouble

Craftymen Tools...Let Us Screw You 🛠️

THIS SHOULD NOT HAPPEN!!!

Typical!

Give them $19 million in Sears gift cards and call it a day.

How is this even a thing?

So go bankrupt but pay execs 19 mil? Wow, no wonder they are belly up

Seriously?

THAT SOUNDS FAIR !!!!!

Executives pay should be suspended for poor management.

Unbelievable !

Yeah, let’s make sure all the CEO’s get their Christmas bonus at Sears...screw the workers, or “the little people” as we refer to them.

Restructure=layoffs, cut employees benefits.

Sears will fail.. Any American business that is run stupidly will fail... No surprise..

Wish I knew if this is fake news or not ?

What? They ought to have their head examined!

Really

Struggles? They should throw the CEO in jail for crimes against the stockholders.

And yet Sears Canada have owed me approximately $2500 for the last 5 years! This is referring to the contractor department.

Florida's Rick Scott committed the largest Medicare/Medicaid fraud in US history and got a golden parachute of $300M after his company paid $1.7B in fines. Crooks like Scott and Trump, pal around with the likes of these executives and make it common place.

Just don't. They don't deserve it.

So closing stores, laying off people is such a good business practice that the people who did nothing to save the company get bonuses? That's the idea?

Lol

I'm paying them 24% interest that they haven't reduced in 12 years, and they want to give CEOs a bonus? Screw that.

Outstanding job bankrupting the organization, Bob. Here’s your $19M bonus. Too bad we can’t give more, Scott gets $19M for ruining everything.

Why pay executives huge amounts of money when clearly they have failed to keep the company afloat?

WTF? Paying bonuses of 8 times more than the lifetime earnings of the average person while they can't pay their debts? And that's just quarterly?

How about save the company first

How the heck is this done legally?

Why is this okay m?

Just crazy!

Quarterly? If the judge approves, I want to know what his/her cut is?

No idea 💡 how they could go bankrupt with that mentality 😳

a perfect analogy for the GOPTaxScams TrumpTaxScam

I hope they choke on it

So the ultra wealthy get wealthier!!

Imagine what the bonuses would be if they actually made a profit.

That is how white collar executives loot!

Always been that way, Execs thieve from the company before it goes Tango Uniform while bending their employees over.

I could have bankrupted them faster. Hire me

Sears was a victim of corporate raiding. Such a shame.

Request Denied!

Sounds like it's time to

No.. they brought the company to bankruptcy they deserve nothing.

.... wow serious?

How 'bout 'nooooo'.

Being part of the 1% is a hell of a drug.

?

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