Despite the order, Sears’ totally failed executives are still in line for millions in bonus money.
A judge has ordered Sears Canada to set aside a $500,000 fund to help the employees betrayed by Sears when they disgustingly cancelled their severance.
The money will come from bonuses Sears is paying to some of their executives and top management.
The whole situation is a disgrace: Those employees who loyally served the company for years and in some cases decades were let go and denied the severance they had earned. Then, acting like total scumbags, the top executives rewarded these who had “led” the company to the brink of collapse.
Unfortunately, the $500,000 hardship fund is only a fraction of the total $7.6 million Sears is giving to 43 top execs and senior managers. It’s sickening to see loyal workers betrayed while failed execs are rewarded.
It’s clearly time to look into measures that stop companies from being allowed to cancel employee severance and then pay bonuses to their top execs. Far too many rules favour the elites at the expense of Canadian workers, and that is simply unacceptable.
The elites want to hide their many failures behind political correctness, deception, and manipulation. We need to push back and spread the truth.
That’s why I write.
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