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Sears is seeking court approval to pay executives as much as million in quarterly bonuses while the company struggles to restructure in bankruptcy.Three top executives could get nearly million each if the company goes out of business. If Sears remains in business, they could get nearly 0,000 each for hitting the top performance targets.Sears filed two different types of bonus plans in bankruptcy court?Thursday. The first is for the top 18 "key" executives, who would collectively get as much as .1 million per quarter. The bonuses would only be paid in full if Sears reaches its cash-flow targets. Sears Holdings, which includes both Sears and Kmart, has been burning through cash at a rate of about 5 million a month.A second retention bonus plan was designed to encourage 322 other unnamed executives to stay put during Sears' reorganization. They would collectively get .9 million a quarter, which works out to an average of about ,000 per quarter per executive. No executive could receive more the 0,000 in bonuses for staying with the company during the bankruptcy process.A judge's approval is needed before the bonuses could be paid. A hearing on the plans is set for December 20.The company wants to retain as many executives as it can, but Sears is laying off employees who staffed?hundreds of stores it is closing. Many hourly workers claim they will not be paid severance.Shelia Brewer, who worked for 17 years as a full-time hourly employee at a Kmart in Rockford Illinois, said the company told her she'd get eight weeks of severance. Instead, she received a letter saying that severance payments were being halted because of the bankruptcy, and she would get only the four weeks of pay she had already received."It hit me hard. I was already struggling as it was," she said. She said the bonus plan makes her angry."They say we can't get our severance because there's no money, but they're getting bonuses? It's like a slap in the face," she said.A Sears spokesman declined to comment on the bonus plan or its current severance policy.Eddie Lampert, the company's primary shareholder and chairman, apparently will not receive a bonus, according to the filing.The three top executives who were given the responsibility for running the company during its reorganization are in position for the largest bonuses. They are Chief Financial Officer Robert Riecker, Chief Digital Officer Leena Munjal and Gregory Ladley, president of the company's clothing and footwear business.Each could receive as much as 0,000 a quarter in bonus payments for hitting the maximum cash flow targets. They could receive four times that much if Sears goes out of business, in something the company called an "acceleration event."Retention bonuses for top executives are not unusual when companies go bankrupt. But bankruptcy law limits how much severance companies can pay.Toys "R" Us won approval for up to million in bonuses for 17 top executives a year ago during its failed attempt to stay in business, despite objections from employees groups and others."It's outrageous that the bankruptcy court is considering bonuses for Sears' high paid executives while laid off employees get their severance pay cut off," said Carrie Gleason, campaign manager for Rise Up Retail, a retail employee advocacy group. "This is exactly what happened at Toys 'R' Us. A handful of executives who couldn't save the company got millions in bonuses while tens of thousands of dedicated employees were denied their promised severance pay." 3581
#Marco has become a hurricane, according to data from the Air Force @403rdWing Hurricane Hunters. Maximum winds are 75 mph (120 km/h) with higher gusts. https://t.co/MPtF0KuhE3 pic.twitter.com/o7GbutfMHU— National Hurricane Center (@NHC_Atlantic) August 23, 2020 271

North Korea leader Kim Jong Un made a surprise trip to Beijing, Chinese state media confirmed Wednesday.Images broadcast on Chinese state television CCTV showed Kim and his wife, Ri Sol Ju, meeting with officials during the trip. It took place from March 25 to 28.The trip is Kim's first abroad since he took the reins after his father, Kim Jong Il, died in late 2011. China is a traditional ally and major trading partner for North Korea.Rumors first surfaced about a potential visit by a high-level North Korean representative Monday night in Beijing, when pictures of what appeared to be the Kim family train surfaced online. 647
#Earthquake (Update): #SBCoFD cont rapid survey of the NW communities of our county. Mult buildings with minor cracks; broken water mains; power lines down; rock slides on certain roads. No injuries/fires. Addl engine companies and #USAR HeavyRescue 305 moving to the area. ^eas— SB County Fire (@SBCOUNTYFIRE) July 4, 2019 337
Another Rikers Island correction officer has been attacked on the job by an inmate. The Department of Correction’s union says it’s the fourth such attack in just six weeks.The union is calling on city officials to make changes immediately to protect the officers.The 25-year-old officer is recovering from a broken nose and first- and third-degree burns after he was attacked during his shift on Saturday night, officials said.“One inmate sucker-punched him from the side and took the hot water and threw it on him,” said Elias Husamudeen, president of the Correction Officers’ Benevolent Association.J’von Johnson, 21, is facing felony assault charges for his alleged role in the attack.“Outrageous attacks like this, on an officer just doing his job helping keep the rest of us safe, are exactly why this inmate was immediately placed into more restrictive custody,” said Peter Thorne, the DOC’s deputy commissioner of public information.Husamudeen said the attack wasn’t all that surprising.“For us, the writing is on the wall,” he said.Just five weeks ago, 39-year-old Jean Souffrant, also a Rikers correction officer, suffered a brutal attack at the hands of a group of inmates. He suffered a fractured spine and bleeding on the brain.Last Tuesday, a 24-year-old officer was assaulted on the job.The union also claims there was another incident last week.“A female correction officer, who was breaking up a fight, and she, too, had her jaw broken by inmates who were under 21 years old,” Husamudeen said. “We do not have the backing or protection of the mayor of the city of New York and even his administration, his commissioner. There’s not enough being done.”Now, the union is demanding action from the Department of Correction commissioner, city public advocate Letitia James and City Council Speaker Melissa Mark-Viverito.“This guy who assaulted this correction officer yesterday, he just assaulted another one last year,” Husamudeen said. “He’s coming out of one of these programs where they put inmates … that’s alternative to punitive segregation.”Husamadeen claims attacks on officers have increased since the de Blasio administration did away with punitive segregation for younger inmates, which means putting them in solitary confinement when they act up.But a spokesperson for the Department of Correction said assaults on staff resulting in serious injury have decreased 14 percent over the last three years.The union disputes that number and claims there is all talk and no action. CBS2 did not immediately receive a response from Mark-Viverito or James regarding their thoughts on the union’s demands. 2635
来源:资阳报