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Lampert needs a bullet in his head. Zunklebimnkberger lost that on Farcebook in a month. Does he look like he gives a fuck ?The 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.
.
yea i got one too.....got a cost of living a couple of months ago and have another coming up....I have one of those pensionswhen i was growing up it was Sears and Monkee Wards...
Montgomery Ward! Thankfully both retail stores have been destroyed by the internet.
That said the threat to the economy is government employee pensions and benefits.
It kicks ass
Best decision I ever madeyea i got one too.....got a cost of living a couple of months ago and have another coming up....I have one of those pensionswhen i was growing up it was Sears and Monkee Wards...
Montgomery Ward! Thankfully both retail stores have been destroyed by the internet.
That said the threat to the economy is government employee pensions and benefits.
It kicks ass
yea me too....i was working in a torque wrench factory making 10 an hour with shit benefits,the PO at that time was 15 an hour with much better benefits.....lets see, which one should i take.....mmmm....Best decision I ever madeyea i got one too.....got a cost of living a couple of months ago and have another coming up....I have one of those pensionswhen i was growing up it was Sears and Monkee Wards...
Montgomery Ward! Thankfully both retail stores have been destroyed by the internet.
That said the threat to the economy is government employee pensions and benefits.
It kicks ass
Everyone told me I was crazy to work for the government
Could be because Ceo salaries through the year have proportionately increased greatly over the years as compared to workers. link below.
CEOs make $15.6 million on average—here’s how much their pay has increased compared to yours
yea me too....i was working in a torque wrench factory making 10 an hour with shit benefits,the PO at that time was 15 an hour with much better benefits.....lets see, which one should i take.....mmmm....Best decision I ever madeyea i got one too.....got a cost of living a couple of months ago and have another coming up....I have one of those pensionswhen i was growing up it was Sears and Monkee Wards...
Montgomery Ward! Thankfully both retail stores have been destroyed by the internet.
That said the threat to the economy is government employee pensions and benefits.
It kicks ass
Everyone told me I was crazy to work for the government
So the guy stocking shelves should suck it upCould be because Ceo salaries through the year have proportionately increased greatly over the years as compared to workers. link below.
CEOs make $15.6 million on average—here’s how much their pay has increased compared to yours
Do you know how to do fucking math?
Sears has 90,000 employees...
.
A monkey can stock shelvesSo the guy stocking shelves should suck it upCould be because Ceo salaries through the year have proportionately increased greatly over the years as compared to workers. link below.
CEOs make $15.6 million on average—here’s how much their pay has increased compared to yours
Do you know how to do fucking math?
Sears has 90,000 employees...
.
Not the CEO
So the guy stocking shelves should suck it upCould be because Ceo salaries through the year have proportionately increased greatly over the years as compared to workers. link below.
CEOs make $15.6 million on average—here’s how much their pay has increased compared to yours
Do you know how to do fucking math?
Sears has 90,000 employees...
.
Not the CEO
A monkey can stock shelvesSo the guy stocking shelves should suck it upCould be because Ceo salaries through the year have proportionately increased greatly over the years as compared to workers. link below.
CEOs make $15.6 million on average—here’s how much their pay has increased compared to yours
Do you know how to do fucking math?
Sears has 90,000 employees...
.
Not the CEO
Again it comes down to who bears the burdenSo the guy stocking shelves should suck it upCould be because Ceo salaries through the year have proportionately increased greatly over the years as compared to workers. link below.
CEOs make $15.6 million on average—here’s how much their pay has increased compared to yours
Do you know how to do fucking math?
Sears has 90,000 employees...
.
Not the CEO
Oh please this childish argument by the left is pure retarded
90,000 employees pay them all $10 bucks an hour the payroll alone is almost 2 billion dollars a year and they bring up a CEO making 15 million???
.
Again it comes down to who bears the burdenSo the guy stocking shelves should suck it upCould be because Ceo salaries through the year have proportionately increased greatly over the years as compared to workers. link below.
CEOs make $15.6 million on average—here’s how much their pay has increased compared to yours
Do you know how to do fucking math?
Sears has 90,000 employees...
.
Not the CEO
Oh please this childish argument by the left is pure retarded
90,000 employees pay them all $10 bucks an hour the payroll alone is almost 2 billion dollars a year and they bring up a CEO making 15 million???
.
Those struggling to support a family are expected to make up for poor executive decision makers
Top executives are exempt
The 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 made and operated the pension plans. It’s their own fault for not anticipating the cash flow issues ahead. And yea, Amazon is also kicking their ass, because while they were ignoring the brewing shortage of funds, they were also not updating their business model and become a retail dinosaur. They’re dead, but just like missing the pension issue and the changing retail climate, they have also missed their own funeral.
so bear you are a young guy with a family to feed,you are working a 10 an hour job with shit benefits and you get a call from the PO with much better pay and benefits...so you would stay with the torque wrench place?.....and the tax payers were not paying me....yea me too....i was working in a torque wrench factory making 10 an hour with shit benefits,the PO at that time was 15 an hour with much better benefits.....lets see, which one should i take.....mmmm....Best decision I ever madeyea i got one too.....got a cost of living a couple of months ago and have another coming up....I have one of those pensionsMontgomery Ward! Thankfully both retail stores have been destroyed by the internet.
That said the threat to the economy is government employee pensions and benefits.
It kicks ass
Everyone told me I was crazy to work for the government
So you guys proud of fucking over tax payers????
.
The point is that they take out their financial woes on those least capable of bearing itAgain it comes down to who bears the burdenSo the guy stocking shelves should suck it upCould be because Ceo salaries through the year have proportionately increased greatly over the years as compared to workers. link below.
CEOs make $15.6 million on average—here’s how much their pay has increased compared to yours
Do you know how to do fucking math?
Sears has 90,000 employees...
.
Not the CEO
Oh please this childish argument by the left is pure retarded
90,000 employees pay them all $10 bucks an hour the payroll alone is almost 2 billion dollars a year and they bring up a CEO making 15 million???
.
Those struggling to support a family are expected to make up for poor executive decision makers
Top executives are exempt
That's not the point of a B S . argument trying to say CEOs salary's are breaking the bank, you divide that salary up among 90,000 employees what is it 12 cents per hour?
The 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 made and operated the pension plans. It’s their own fault for not anticipating the cash flow issues ahead. And yea, Amazon is also kicking their ass, because while they were ignoring the brewing shortage of funds, they were also not updating their business model and become a retail dinosaur. They’re dead, but just like missing the pension issue and the changing retail climate, they have also missed their own funeral.
Sears, like other companies ignored online retail growth until it was to late.
A lack of vision killed Sears.
They could have, as well as other box store retailers could have taken on the Amazon model at the very beginning, and would be competing with Amazon right now.
Sears had the long time branding associated with it's name. If anybody should have, they should have been the ones with the marketing vision to be the online giant retailer long ahead of Amazon.
For those not old enough, company paid pensions were the long term norm for retirees of large corporations until that all changed with the Reagan administration. You can google anyone of a number of articles that accurately describes how that administration single handedly destroyed the middle class of America, and who's policies are the main driving force of income inequality today.
The point is that they take out their financial woes on those least capable of bearing itAgain it comes down to who bears the burdenSo the guy stocking shelves should suck it upDo you know how to do fucking math?
Sears has 90,000 employees...
.
Not the CEO
Oh please this childish argument by the left is pure retarded
90,000 employees pay them all $10 bucks an hour the payroll alone is almost 2 billion dollars a year and they bring up a CEO making 15 million???
.
Those struggling to support a family are expected to make up for poor executive decision makers
Top executives are exempt
That's not the point of a B S . argument trying to say CEOs salary's are breaking the bank, you divide that salary up among 90,000 employees what is it 12 cents per hour?
Not just CEOs but all top executives should bear the burden
