Fighting back against the billionaires
 

https://www.bbc.com/news/business-46869091


Sears chairman and former chief executive Eddie Lampert has made nearly $1.4bn (£1.1bn) off his investment in the company, thanks to performance fees, dividends and other payments.

Meanwhile, its top 340 executives were collectively granted a potential $25m in bonuses in December, just months after the firm declared bankruptcy.

Another example of the little guy getting screwed whats the chances they all voted democrat anyway like what Trump said about the shutdown

“The 3.7 percent unemployment is definitely exciting, but it’s not the full story,” said Martha Gimbel, research director at Indeed.com’s Hiring Lab. “Part of what we all care about is not just the low unemployment rate, but that people are employed in good jobs and that they can get the hours they want.”

I am seeing this now with my daughter great hourly rate skilled worker ,,, lucky to get 25 hrs a week ,, no benefits

There are actually some redeeming qualities to education.
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Then why are republicans always trying to cut funding for it?
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https://m.youtube.com/watch?v=nxN-wN0LW3o
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according to this, at the end of 2018, sears had 89,000 employees. so the $25 million that you are crying about, costs each employee $280. what would they do with an extra $280, go back to school? open a business?

yes let’s “ fight” against the successful. because they are causing what, exactly? those bastards...

https://en.m.wikipedia.org/wiki/Sears_Holdings
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That really not the point is it .. but again you confuse calling out bad behavior with being against successful people ?

No the point is, you feel that executives are to blame for the plight of the little guy. Not in this case. I showed you the math.

Sears failked because people like you, despite how much you claim to care about the little guy, like the prices at Wal Mart. Everybody wants to save at Wal Mart and Amazon.

Pick a good company instead of a crappy one.



Get her into training that maximizes what she can do, or help her to move her into a better field. If she is reasonably smart and has a good work ethic she can do well. Bettering one's self is a far more effective solution to making your life better than bitching about "The Man" or being the target subject in class politics.


Sears failed because they had a terrible model, terrible management, and terrible practices.

Not all things the rich guys do are even close to noble
Jim, You missed the 1.4 Billion in your math and that income is realized by serial asset stripping.
All that said if they, at an earlier point in time had made the right moves and not insisted that their business model was good because it always had been, they could have been Amazon. Pun intended
They had a great brand.

Sears Holdings announced on January 16, 2019 that Lampert (through his hedge fund, ESL Investents) had won the bankruptcy auction, allowing the company to remain open.[47] On January 24, a group of unsecured creditors, that included Simon Property Group, filed a motion with the bankruptcy court to overturn the deal Sears Holdings had just made with Lampert claiming that Lampert had been "engaged in serial asset stripping" of the company at the expense of suppliers and landlords. The creditors want the bankruptcy court to force the company to liquidate instead.[48] On January 28, the federal government operated Pension Benefit Guaranty Corporation announced that they were not in favor with the current Sears Holding agreement with Lampert since that agreement would create a $1.7 billion funding gap in the employee pension fund that would require the American tax payers to cover the shortfall.[49] The same federal agency also accused "Lampert of structuring the deal to inappropriately obtain ownership of the chain's Kenmore appliance brand and the Diehard tools brand."[50]

"Not all things the rich guys do are even close to noble
Jim"

And once again, when your point has been proven wrong, rather than admit such, you respond to something that no one has ever said. You do it again, and again, and again. I'm not saying billionaires are swell, I have no problem believing that many are weird and jerks. I never, ever said that everything they do is noble. What I said, and the facts back me up, is that they create most of their wealth (the ones who weren't born rich), they don't steal it for the most part. It's good for all of us, when someone creates wealth that wasn't there before.

"You missed the 1.4 Billion in your math "

No I didn't. If Lampert is a crook, l'm happy to pay taxes to prosecute him and give that money to whomever it rightfully belongs to.

But the lazy, entitled whiners on the left make it seem like the mere existence of billionaires, exposes some flaw in our system. It doesn't. There are sharks out there who will hurt people to become rich, and we need to deal with them. But not every wealthy person got there by screwing people. If you listen to CNN or MSNBC or read the posts here, you'd think that "wealthy" is synonymous with "unethical". I don't believe it is.

You did not prove any point wrong, nothing I said was not germane and as usual anything a rich man does is ok, how dare you whine you lazy person.
Lampert pulled a sleazy deal, paid off the execs with a measly 25 million
Lampert tried to push the envelope to suck 1.4 billion out and put it in his pocket to the detriment of the unsecured creditors and others.
He created zero and likely if the creditors had not joined together to stop him would have succeeded in stripping out what rightfully belonged to others.
Happens all the time if you have enough money to play those games and rarely does anyone get charged with a crime.
Just like nobody got charged in the last burst bubble but we all paid to bail them out because they were too big to fail.
Now they’ll roll back the controls on big and keep the ones that big business lobbied for on small.
Ever wonder why there are no longer local banks or businesses?
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So when I posted this...

"I'm not saying billionaires are swell, I have no problem believing that many are weird and jerks."

What you inferred, is this: "as usual anything a rich man does is ok"

I don't get how you could read what I posted, and interpret it the way you did. You're not being rational, you are claiming that I am saying the opposite of what I am clearly saying.

"Lampert pulled a sleazy deal"

Then let's charge him. He's one guy,. they aren't all crooked.

"Just like nobody got charged in the last burst bubble but we all paid to bail them out because they were too big to fail."

I agree with you that the powerful make the rules to favor themselves. We could solve this, by voting for regular people who know how to do things. We choose to elect elitists.

pete...check your meds

I said "Not all things the rich guys do are even close to noble"
I did not say all are bad.
Lambert, however is a master at getting money out of failing businesses to the detriment of creditors and all others who have interests.

You said "Then let's charge him"

Well it's not that simple, white collar crime is complicated and nobody looks very hard. He has billions and he will lawyer it to death for a few million. It's not like he killed anyone, so it's not sexy enough for a prosecutor to commit an equal amount of resources to pursuing and their resources are not bottomless.

this is a bizarre statement