Thread regarding Sears layoffs

The future for sears

Hello Folks,

For those of you who are new to layoffs, wage freezes, and store closings, this is a process. The process, by whatever name it goes by, is where, the top few in the corporation gut a company, pockets the money by way of things like super high wages & benefits, golden parachutes , and extended wonderful health care plans. That folks, is if they're not just outright stealing it. The employees, however are told a story of hope. They even have many of the more gullible managers and spokespeople believing that the company is actually trying to survive and needs to cut employee wages, health benefits, hours, etc. Unfortunately, the money generated by these austerity policies is just being pocketed by the top few. Look around folks, they are certainly not putting much back into the company. Sears was once known for it's tools, huge catalog, money back policies, and selection. Look now, the greedy management has china made junk for tools, that are poorly made & engineered for ease of manufacturing. The stores only want to carry the items that move fast, the catalog was on, then off, then on. Money back now means a restocking charge, and refusal to accept for return broken items, and of course the worst rip-off of all for the customer, the service agreement.

The corporation simply cannot tell you that the end result will be a complete store shut down, no matter what you do to help, because they know full well, that the employees will not cooperate to help them make up for under-staffing and help them with the logistics of closing stores. In the end some company liar will blame it on internet competition. But, if you really look around and see the amount of customers they still have, and the huge "profit for nothing", things like service agreements, and the low wages coupled with un-affordable healthcare "benefits" , you have to ask yourself, how could they go out of business??? Do you really thing the board of directors would put up with an incompetent CEO??. He's doing exactly what they want him to do folks. This folks is because dullards that pass for businessmen today, actually think they are here on earth, for the sole purpose of enriching themselves.

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Post ID: @OP+RZQEfzU

6 replies (most recent on top)

the CEO is the largest stockholder who controls the Board of Directors. Only Eddie can fire Eddie

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Post ID: @emk+RZQEfzU

Well regardless of how Sears is doing the shorts go crazy on the messages boards when the stock goes up. Wait till the stock is at 3 dollars because people realize we won't go bankrupt in 2018. The trolls will be out in full force.

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Post ID: @chm+RZQEfzU

Companies deny anything bad because thay don't want everyone to start stealing for themselves.

Also sabotage by angry workers who are getting screwed.

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Post ID: @gsj+RZQEfzU

@fzu go short somewhere else, so tired of you guys

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Post ID: @awb+RZQEfzU

Here we go again lol. Lose some money on other crashing stocks and hoping to short Sears? Lol troll.

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Post ID: @jhj+RZQEfzU

Do you really thing the board of directors would put up with an incompetent CEO?

In the case of Sears, yes. Eddie Lampert and his affiliates own the majority of the company's stock. This gives him the ability to handpick a board of directors.

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Post ID: @hyw+RZQEfzU

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