Bankrupt Sears wants to give executives up to $25 million in bonuses
Remember Toys R Us? It's playing out again at Sears. When our courts help screw the workers but help to bailout the suits.
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The entire structure of corporations needs to be rewritten in favour of the least rather than the most.
rogerbenham
Level 8
Nov 20, 2018
1
There was a day many moons ago where a company liquidated it's assets every 7 years and paid any outstanding bills. I listen to Thom Hartmann talk about this a number of times. Then the company could start over with regards to making a profit. Pass it down to family or turn it over to employees. Companies back then had regulations/responsibility to provide a product useful to society, pay a fair wage to its employees, and make a profit. If this couldn't be accomplished the company was liquidated and shuttered. That must of went out during the start of the industrial age boom when we had like 5 men that were in constant battle to own the entire country. Which brought us to where we are today. They decided to join together and fuck the entire world up for shits and giggles. Now we have a club of billionaires carrying it on for them. Some of them from the same 5 families.
I can't help but think all the deregulating in banking has somehow led to this upside down economic landscape.
silverotter11
Level 9
Nov 20, 2018
0
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