(1264) Sears & loathing in Davos


The work of folding slacks, swiping credit cards and stocking shelves was enough to keep Sears going in Canada as a profitable, dividend-paying and executive bonus-giving retailer for decades.  Then management decided to pack it all in.  Emperor Justinian, representing us at Davos, seems to think it’s all pretty much okay, including the company leaving behind a whopper of a deficit in its pension plan.
Will 16,000 Sears Canada retirees see their pensions?
thespec.com
Trudeau suggests EI for Sears workers who risk losing pensions
huffingtonpost.ca
Image: Mike Kalasnik via Flickr/CC