The company behind the Sears and Kmart chains on Friday obtained a U.S. bankruptcy court’s permission to pay as much as $25.3 million in bonuses to top executives and other high-ranking employees at Sears, which filed for Chapter 11 bankruptcy protection in October.
Why on earth would they do this OH WAIT:
The retailer successfully made the case that it needs to give employees a financial reason to stick around, even as it reported losses of almost $1.9 billion in the first three quarters this year.
“Under these circumstances, it would be understandable if many key employees are asking themselves whether they should be seeking other opportunities,” Sears said in a court filing last month. However, the retailer “cannot afford this uncertainty — however understandable it may be,” the company said.
You know what else this dog turd of a company couldn’t afford recently? Its goddamn TAXES, for the school district in the town that housed its bullshit HQ:
Nearly 30 years ago, to lure Sears’ home base from Sears Tower in Chicago and keep it in Illinois, the retailer received nearly $250 million in tax breaks and incentives to move to its sprawling Hoffman Estates headquarters.
With that deal, much of the property tax revenue generated by Sears’ head offices in Hoffman Estates went back into the development of the surrounding Prairie Stone Business Park, near the Jane Addams Tollway at Illinois Route 59.
When the deal was to expire in 2012, local taxing districts like Community Unit School District 300 were supposed to see the full benefit of the increased tax base, but instead Sears landed an extended deal with the renewed threat of leaving the state.
We should have let those cockfucks quit the state. Bye bye, fuckers, go not pay for yourselves somewhere else. Whenever some corporation tries to get these deals, they’re all BUT THE JERBS which is only a good thing if you can, like, educate and feed the kids of the people who have those jobs. What good is all the wonderful tax revenue coming into the state if it doesn’t benefit the state at all? Like what are we getting out of this? Fuck this.
I swear we hear all day long about how political incivility has ruined our fucking society and we will yob off for HOURS about people who want something for nothing but everybody and their Bezos want taxpayers to foot the bill for their corporate retreat centers and their fucking executive trampoline parks and, shit, doggy day cares and whatever, and when we get jack shit out of it we talk about how we can’t afford to give people food stamps.
Well of course we can’t afford to. We’ve given all our money to assholes like this who, when they drive their goddamn company into the ground, get paid because the company “can’t afford uncertainty.”
A WHOLE BUNCH OF LITTLE SCHOOLKIDS CAN’T AFFORD LUNCH, TAKE YOUR UNCERTAINTY AND LIKE IT, MOTHERFUCKERS. BUY THE KIDS SOME HOT DOGS.
God, $25 million would be lifechanging for a school district. That’s like two entire schools, teachers and all. You give 25 teachers $1 million each for their schools, see how much uncertainty goes the fuck away. Shit, give 250 teachers $100,000 each and I guarantee you wherever you do that will have a healthier happier environment than the current one at Sears. The Sears by my house just shut down and thank God, we went in there to get a dishwasher and there were like two racks of Ed Hardy vests and a shelf of dusty coffeemakers. Sears is a gross dying shitbox that should be helped to its inevitable end, not protected from “uncertainty.” Can’t it bootstrap itself or something?
We are not getting anything out of this, Jesus God, it should be obvious by now. The rich are not magically putting their money back into charities to feed the poor, the jobs are not good enough, the wealth is not trickling down, and I would like to start a whole movement like the one that began in 2010 or so where instead of “if you’re too mean to the rich they won’t give to charity” we say things like “if you keep giving out executive bonuses like this we will take all your shit, burn it in the street, sell tickets to the same and then give the money from those tickets to kids so they can have milk.”
GOD. Sears can’t afford the uncertainty. Schools can’t afford books, fuck yourselves, Sears.
A.
I love this. Very well put.
I love – and feel – the extent of your wrath for these blood-sucking parasite companies who play cities, counties and states against one another. It’s got to stop!