Friday , April 26 2024
Home / New Economic Perspectives / Sears Bankruptcy Engineered to Benefit Executives and Stiff Workers

Sears Bankruptcy Engineered to Benefit Executives and Stiff Workers

Summary:
Executives of Sears stand to gain up to million in bonuses, should Sears be liquidated, and 0,000 if it’s restructured. Meanwhile, ordinary workers at Sears are being laid off without severance payments. NEP’s Bill Black appears on the Real News Network and talks about how US bankruptcy law is rigged to favor executives. You can view with transcript here. [embedded content] [Translate]

Topics:
Devin Smith considers the following as important:

This could be interesting, too:

William Black writes Lawrence O’Donnell Aims at Buttigieg, But Hits New Democrats

Devin Smith writes How White Collar Criminals Get Away with Murder

Devin Smith writes Trump: The Most Corrupt President in US History

Devin Smith writes Exposed! A Serial Whistleblower’s Story with Bill Black

Executives of Sears stand to gain up to $1 million in bonuses, should Sears be liquidated, and $500,000 if it’s restructured. Meanwhile, ordinary workers at Sears are being laid off without severance payments. NEP’s Bill Black appears on the Real News Network and talks about how US bankruptcy law is rigged to favor executives. You can view with transcript here.

Leave a Reply

Your email address will not be published. Required fields are marked *