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People that think pensions are a good thing want something for nothing, much like socialismThe golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
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 almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
The Sears corporation is as fault for failing to recognize the coming tidal wave of retirees within the pension plan.
The ones responsible are Sears management; Lampert is wrong to blame anything, or anyone else.
Of course that is what you believe...but you are 100% wrong....as usual.....Sears poor corporate decisions killed the company
The workers upheld their part of the bargain
Na, not reallyThe whole concept of pension programs are fucked up, embraced by fucking spineless cowardsSears made the deal with their employees......it was part of compensationThe golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
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 almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
Sears should have funded its pension plan
Great way to attract and keep the best employees
Too bad corporations sold their soul and stopped offering pensions
That is why you could/can never depend on the collective to do what’s right for the individual… The collective are just a bunch a socialists who are fucked in the headJust did a little checking.
So these matching contributions are in current year's dollars, not future dollars after the employee leaves.
- Facebook does not have a pension plan. It matches the first 7% of employee 401K contributions.
- Google does not have a pension plan. It matches greater of 100% of a participant's 401K contribution up to $3,000 or 50% of a participant’s contribution up to $8,750
- Amazon does not have a pension plan. It matches up to 4% of a participant's 401K contribution
That's how you stay competitive in an intensely competitive global business environment.
.
Of shitty service? And shitty products? Sears deserves what it is gettingSears poor corporate decisions killed the companyThis is too bad...Sears has been my go to for decades....now their own retirees are killing it off....just like the nations cities and counties....and just the reason why American made cars are over priced and less than dependable.....
The workers upheld their part of the bargain
Socialism sucks, because it depends on other peoples money… Eventually it always dries up. The well is dryIt is part of total compensationPeople that think pensions are a good thing want something for nothing, much like socialismThe golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
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 almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
The Sears corporation is as fault for failing to recognize the coming tidal wave of retirees within the pension plan.
The ones responsible are Sears management; Lampert is wrong to blame anything, or anyone else.
Wages, healthcare plan, retirement plan, benefits
Nope...People that think pensions are a good thing want something for nothing, much like socialismThe golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
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 almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
The Sears corporation is as fault for failing to recognize the coming tidal wave of retirees within the pension plan.
The ones responsible are Sears management; Lampert is wrong to blame anything, or anyone else.
so, none of your family members ever received a pension?
Did you know that many pension funds are employee & company funded? That is nothing like socialism.
The companies that do have pensions set-up for employees are periodically reviewed by actuaries to ensure the pension fund is viable.
Do you know what any of that means? No? We didn't think you did.
You can go away now.
Of course that is what you believe...but you are 100% wrong....as usual.....Sears poor corporate decisions killed the company
The workers upheld their part of the bargain
Socialism sucks, because it depends on other peoples money… Eventually it always dries up. The well is dryIt is part of total compensationPeople that think pensions are a good thing want something for nothing, much like socialismThe golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
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 almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
The Sears corporation is as fault for failing to recognize the coming tidal wave of retirees within the pension plan.
The ones responsible are Sears management; Lampert is wrong to blame anything, or anyone else.
Wages, healthcare plan, retirement plan, benefits
Pygmies reside in Africa…Socialism sucks, because it depends on other peoples money… Eventually it always dries up. The well is dryIt is part of total compensationPeople that think pensions are a good thing want something for nothing, much like socialismThe golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
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 almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
The Sears corporation is as fault for failing to recognize the coming tidal wave of retirees within the pension plan.
The ones responsible are Sears management; Lampert is wrong to blame anything, or anyone else.
Wages, healthcare plan, retirement plan, benefits
Yep; your tax dollar$ are a form of socialism. Wha'cha gon'do?
You could always move to the Amazon rain forest & hang out with the pigmies. They prolly don't pay no taxes.
Private employment is not socialism, it is capitalismSocialism sucks, because it depends on other peoples money… Eventually it always dries up. The well is dryIt is part of total compensationPeople that think pensions are a good thing want something for nothing, much like socialismThe golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
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 almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
The Sears corporation is as fault for failing to recognize the coming tidal wave of retirees within the pension plan.
The ones responsible are Sears management; Lampert is wrong to blame anything, or anyone else.
Wages, healthcare plan, retirement plan, benefits
Nope...People that think pensions are a good thing want something for nothing, much like socialismThe golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
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 almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
The Sears corporation is as fault for failing to recognize the coming tidal wave of retirees within the pension plan.
The ones responsible are Sears management; Lampert is wrong to blame anything, or anyone else.
so, none of your family members ever received a pension?
Did you know that many pension funds are employee & company funded? That is nothing like socialism.
The companies that do have pensions set-up for employees are periodically reviewed by actuaries to ensure the pension fund is viable.
Do you know what any of that means? No? We didn't think you did.
You can go away now.
Any type a safety net whether it be private or public always fucks over the individual in the long run.
People just need to pay for their own shit, and not rely on the collective.
Any type of program that continues to pay people after their employment is over is Socialism… The well is dryPrivate employment is not socialism, it is capitalismSocialism sucks, because it depends on other peoples money… Eventually it always dries up. The well is dryIt is part of total compensationPeople that think pensions are a good thing want something for nothing, much like socialismThe golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
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 almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
The Sears corporation is as fault for failing to recognize the coming tidal wave of retirees within the pension plan.
The ones responsible are Sears management; Lampert is wrong to blame anything, or anyone else.
Wages, healthcare plan, retirement plan, benefits
As a capitalist, Sears is failing
LolNope...People that think pensions are a good thing want something for nothing, much like socialismThe golden goose is dead.... from company's to blue States it's time to pay the Piper .
What's killing Sears? Its own retirees, the CEO says
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 almost $2 billion into pension plans in the past five years, and $4.5 billion since Sears and Kmart merged in 2005 to form Sears Holdings (SHLD). The company pays retirees about $300 million a year, filings show.
If Sears could have put that money into operations, "we would have been in a better position to compete with other large retail companies, many of which don't have large pension plans," Lampert wrote in a blog post.
.
The Sears corporation is as fault for failing to recognize the coming tidal wave of retirees within the pension plan.
The ones responsible are Sears management; Lampert is wrong to blame anything, or anyone else.
so, none of your family members ever received a pension?
Did you know that many pension funds are employee & company funded? That is nothing like socialism.
The companies that do have pensions set-up for employees are periodically reviewed by actuaries to ensure the pension fund is viable.
Do you know what any of that means? No? We didn't think you did.
You can go away now.
Any type a safety net whether it be private or public always fucks over the individual in the long run.
People just need to pay for their own shit, and not rely on the collective.
I knew there was a reason they put the word IGNORANT in that goddamn dictionary.
Any type of program that continues to pay people after their employment is over is Socialism… The well is dryPrivate employment is not socialism, it is capitalismSocialism sucks, because it depends on other peoples money… Eventually it always dries up. The well is dryIt is part of total compensationPeople that think pensions are a good thing want something for nothing, much like socialismThe Sears corporation is as fault for failing to recognize the coming tidal wave of retirees within the pension plan.
The ones responsible are Sears management; Lampert is wrong to blame anything, or anyone else.
Wages, healthcare plan, retirement plan, benefits
As a capitalist, Sears is failing
The nanny state has no appeal to meAny type of program that continues to pay people after their employment is over is Socialism… The well is dryPrivate employment is not socialism, it is capitalismSocialism sucks, because it depends on other peoples money… Eventually it always dries up. The well is dryIt is part of total compensationPeople that think pensions are a good thing want something for nothing, much like socialism
Wages, healthcare plan, retirement plan, benefits
As a capitalist, Sears is failing
just like your gray matter; all dried up.
Workers did their part and worked the agreed upon hours
Now, conservatives want to default on their agreed upon pension
Twenty years ago, Sears was the top dog
They paid their executives top dollar and offered their employees good compensation packages to keep the best people
Now, those compensation packages are coming due
The CEO complaining about retiree pensions will get his own golden parachute worth tens of millionsTwenty years ago, Sears was the top dog
They paid their executives top dollar and offered their employees good compensation packages to keep the best people
Now, those compensation packages are coming due
They’ll go out of business and avoid paying the workers their due.
Executives, on course, will walk away with nice Golden Parachutes.
