Sears bankruptcy court OKs $25 million in bonuses for top execs!

Must be nice to get a 25 million dollar bonus from a bankrupt company.

www.cbsnews.com/news/sears-bankr…top-execs/

Working for a bankrupt retailer still has it perks — at least if you’re among hundreds of high-level employees at Sears Holdings.

We are primarily funded by readers. Please subscribe and donate to support us!

The company behind the Sears and Kmart chains on Friday obtained a U.S. bankruptcy court’s permission to pay as much as $25.3 million in bonuses to top executives and other high-ranking employees at Sears, which filed for Chapter 11 bankruptcy protection in October.

The workers at the bottom of the totem pole didn’t get anything and lost their job.

 

 

AC

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.