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zipplewrath

(16,646 posts)

48. Those folks were long gone

Reply to randr (Reply #19)

Fri Sep 14, 2018, 03:47 PM

Sep 2018

"Vision" isn't how they got their jobs. And they never worked the business when the catalogue was all that important.

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What's killing Sears? Its own retirees, the CEO says [View all] PatrickforO Sep 2018 OP

Of COOOOUUUUUUUUURRRSSSSSSSSSSEEEEEEEEE it is the employees fault Eliot Rosewater Sep 2018 #1

Vulture capitalist says what? Iggo Sep 2018 #2

What he doesn't say is pensions are in lieu of higher wages...employers pay less now, pay more Fred Sanders Sep 2018 #4

I understand. Iggo Sep 2018 #10

Sears cancelled their pension plan in the 90's and went to 401 mikeysnot Sep 2018 #21

Karma, Baby, Karma bucolic_frolic Sep 2018 #3

Excellent analysis. I worked in the junk bond (euphemistically called "High Yield") world for awhile erronis Sep 2018 #23

Capitalism is creation and destruction bucolic_frolic Sep 2018 #28

+1000 Power 2 the People Sep 2018 #5

Sure it is the fault of employees because the employer didn't set the pension funding aside. LiberalFighter Sep 2018 #6

++++ Agree iluvtennis Sep 2018 #40

Didn't Enron invest its pension funds in Enron stock? Employees pension - kaput. keithbvadu2 Sep 2018 #62

Totally agree. As usual, bad management. SharonAnn Sep 2018 #68

Says the guy who is paying himself $7 million a year? louis-t Sep 2018 #7

Sears was perfectly positioned to be Amazon Sedona Sep 2018 #8

THIS BumRushDaShow Sep 2018 #13

We've become much better at tearing down than building in the last 50 years. erronis Sep 2018 #31

My mother used to always talk about the whole idea of BumRushDaShow Sep 2018 #56

going to have to check this out n/t gay texan Sep 2018 #66

Their Seattle warehouse is now Starbucks' corporate headquarters jmowreader Sep 2018 #37

It could have easily made the transition to internet sales. Kaleva Sep 2018 #78

I have a feeling Lampert will get a golden parachute at140 Sep 2018 #9

How about dumping the 1960's marketing strategy, Ed? TheCowsCameHome Sep 2018 #11

Why would he do that, when his whole aim is to strip the company of all its money Nay Sep 2018 #47

Makes Me Think Of Romney Me. Sep 2018 #12

The question should be "Who is killing Sears"? Perseus Sep 2018 #14

You just printed the real answer. Wellstone ruled Sep 2018 #15

Precisely Sherman A1 Sep 2018 #79

One of the longest running PONZI's Wellstone ruled Sep 2018 #80

Always blame the workers. BeckyDem Sep 2018 #16

What hurt Sears was the purchase of failing Kmart/S. S. Kresge INdemo Sep 2018 #17

Not quite jmowreader Sep 2018 #44

yes I would agree with that but with their INdemo Sep 2018 #46

I worked with several very large corporations that didn't think this internet thing was real. erronis Sep 2018 #60

What Sears? I haven't seen a Sears store in a year and a half. sinkingfeeling Sep 2018 #18

We have 2 Sears stores in San Diego ... aggiesal Sep 2018 #55

It is ironic that the company that made their fortune randr Sep 2018 #19

Oh I have lots of stories to tell mikeysnot Sep 2018 #22

I've had that thought numerous times... Johnyawl Sep 2018 #24

Those folks were long gone zipplewrath Sep 2018 #48

Simply put,if you go back enough years SEARS thought they had the World by the ASS... Bengus81 Sep 2018 #53

Cry me a river, you predatory corporate piece of shit pecosbob Sep 2018 #20

What killed Sears? One word only..Walmart. Hey- it's the truth. Don't blame me.,,, Stuart G Sep 2018 #25

This message was self-deleted by its author Mosby Sep 2018 #34

Actually the problem is executive management and shareholder greed compensation. democratisphere Sep 2018 #26

YUP, ... aggiesal Sep 2018 #57

Fuck Eddie Lampert with a Sears Diehard. . . DinahMoeHum Sep 2018 #27

Transition Points... The Conductor Sep 2018 #29

IBM survived the loss of the selectric Mosby Sep 2018 #30

This is a great area of study and I hope you share your research with us. erronis Sep 2018 #38

Yeah, I definitely don't have a high opinion of Welch at all. PatrickforO Sep 2018 #65

The smart ones... The Conductor Sep 2018 #82

Read about Sgent Sep 2018 #84

How many companies were killed by Reagan deregulation? gibraltar72 Sep 2018 #32

This guy is blue-wave Sep 2018 #33

ceos don't short their own companies. unblock Sep 2018 #36

Scum. Those retirees earned their pensions. mn9driver Sep 2018 #35

When the economy was in the toilet, Sears would change the date due... Tikki Sep 2018 #39

This message was self-deleted by its author ailsagirl Sep 2018 #41

Give me a break. Has he been in one of his stores in the last 15-20 years? Neema Sep 2018 #42

The deal with pensions is...employees often take LOWER PAY in return for a pension. Honeycombe8 Sep 2018 #43

f-ing parasite eddie killed sears Locrian Sep 2018 #45

How dare those pensioners bring down a fine institution like Sears/ Kmart !! YOHABLO Sep 2018 #49

Having someone who knows nothing of the retailing business is what killed it. PSPS Sep 2018 #50

Every Sears former employee on a pension owes Eddie a hugeeeee apology for screwing up his Company!! Bengus81 Sep 2018 #51

It's the victim's fault Turbineguy Sep 2018 #52

Then Sears goes down, but the retirees money stays pal. A deal is a deal. nt TeamPooka Sep 2018 #54

The headline SHOULD read: "What's killing Sears? Its own CEO" Initech Sep 2018 #58

Sears is in the situation of many old established companies MichMan Sep 2018 #59

You mean the employees that hired yesterday at the Post Office? Stonepounder Sep 2018 #67

"If in fact Sears does go bankrupt..." other than pension dollars... other benefits such as medical keithbvadu2 Sep 2018 #71

What a bullshitting piece of shit. If I were on Sears' board, Rabrrrrrr Sep 2018 #61

A blast from the past JonLP24 Sep 2018 #75

Thanks! I kind of disappeared for many years (though occasionally looked in) Rabrrrrrr Sep 2018 #81

He's destroying an icon in the process... paleotn Sep 2018 #63

Sounds like Sears thought IsaacBell Sep 2018 #64

Isn't this the Ayn Rand acolyte... Astraea Sep 2018 #69

Yeah, but the people who are hurt are the retirees who are going PatrickforO Sep 2018 #70

i remember an article like that. Kurt V. Sep 2018 #77

Another reason not to trust pension plans.... Adrahil Sep 2018 #72

Grrrr mahina Sep 2018 #73

THAT Is such bull shit Raine Sep 2018 #74

Bad management killed Sears. 2 examples - Vinca Sep 2018 #76

It is their own company crazycatlady Sep 2018 #83

response to patrick O photo drum guy Jan 2019 #85