Sears looking for a way out of paying employee’s pensions
What’s to blame for the problems at Sears? Amazon? Bad management? CEO and primary shareholder Eddie Lampert has another idea: It’s the company’s own retirees. Sears turned in another bleak quarterly earnings report on Thursday, and Lampert complained about the billions of dollars that Sears owes its former employees through pension plans. Lampert said Sears has paid … Read more