While Sears executives get $25 million in bonuses, laid-off workers struggle during Christmastime

[JacksinPA]

https://www.nbcnews.com/news/us-new...million-bonuses-laid-workers-struggle-n949446

On Friday, a U.S. bankruptcy court judge allowed Sears Holdings to hand out the bonuses after the company successfully argued that it would lose its top people.

While the executives who presided over the bankruptcy of Sears and Kmart will ring out 2018 with news of $25.3 million in bonuses, laid-off worker Ondrea Patrick will be using her unemployment check to pay for new brakes on her 2000 Dodge Durango.

Patrick, who lost her job when the Kmart she worked at in Rockford, Illinois, closed in October, had been hoping to use the money to buy her kids — ages 1, 2, 3, 7 and 11 — something new for Christmas.
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Sort of makes socialism seem an attractive alternative to 'survival of the fittest' capitalism.

 

[Checkerboard Strangler]

Eddie Lampert is doing to SEARS what British Leyland execs were doing to their company.
The difference is, the guys at British Leyland were just being stupid, Lampert's doing it because Ayn Rand told him to...the Ayn Rand that lives in his head, that is.

 

[haymarket]

https://www.nbcnews.com/news/us-new...million-bonuses-laid-workers-struggle-n949446

On Friday, a U.S. bankruptcy court judge allowed Sears Holdings to hand out the bonuses after the company successfully argued that it would lose its top people.

While the executives who presided over the bankruptcy of Sears and Kmart will ring out 2018 with news of $25.3 million in bonuses, laid-off worker Ondrea Patrick will be using her unemployment check to pay for new brakes on her 2000 Dodge Durango.

Patrick, who lost her job when the Kmart she worked at in Rockford, Illinois, closed in October, had been hoping to use the money to buy her kids — ages 1, 2, 3, 7 and 11 — something new for Christmas.
============================================
Sort of makes socialism seem an attractive alternative to 'survival of the fittest' capitalism.

This is beyond disgusting. Not surprising in corporate America - but grossly disgusting just the same.

 

[JoanDavis]

Good to see trump's tax cuts working so beautifully. The executives get their million dollar bonuses and thousands of employees get the shaft.

 

[JacksinPA]

This is beyond disgusting. Not surprising in corporate America - but grossly disgusting just the same.

From each according to their abilities, to each according to their needs. - Karl Marx See https://en.wikipedia.org/wiki/From_each_according_to_his_ability,_to_each_according_to_his_needs