Sears CEO complains that billions given to former employees through pension plan is to blame #Marketing @MondoPlayer [Video]

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Sears CEO complains that billions of dollars being given to its former employees through the company"s pension plan is to blame for its current financial problemsThe retailer, which also runs Kmart discount shops, is burning through $1 billion to $1.5 billion annuallySears is struggling to...

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Sears CEO complains that billions of dollars being given to its former employees through the company’s pension plan is to blame for its current financial problems

  • The retailer, which also runs Kmart discount shops, is burning through $1 billion to $1.5 billion annually
  • Sears is struggling to compete with online retailers like Amazon and Walmart
  • Sears …

CEO and primary shareholder Eddie Lampert says the company's pension plan is to blame for its current financial problems with more retirees now 'on the books' than employees

Sears is struggling to compete with online retailers like Amazon and Walmart. Its retirees' pensions also face their own funding shortfall of $1.5 billion