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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
(CNN) -- A stowaway fell from a plane flying over London and dropped into a residential garden on Sunday, just feet from a sunbathing man, according to reports.The body was traced to the undercarriage of Kenya Airways flight KQ 100 that left from Nairobi's Jomo Kenyatta International Airport, Kenya Airports Authority said in a statement Tuesday, adding that it is investigating the incident.London's Metropolitan Police said Monday that the victim appeared to have fallen from the landing gear compartment as the plane approached London's Heathrow Airport.One neighbor described hearing a "whomp" as the body hit the ground, the UK's Press Association (PA) news agency reported."He had all of his clothes on and everything. I had a closer look and saw there was blood all over the walls of the garden," the neighbor told PA.Police were called to an address in Offerton Road in the south London neighborhood of Clapham at 15:39hrs (10:39 ET) on Sunday "after a body was discovered in a garden," the police statement read.Officials are working to establish his identity and "a post-mortem examination will be carried out in due course," it continued.A bag, water and some food were discovered in the landing gear compartment once the place touched down at Heathrow, the police said.The Clapham resident said the man landed a meter (3 feet) from a man sunbathing in his garden."So I went outside and it was just then the neighbor came out and he was very shaken," the neighbor, who asked not to be named, told PA.He suggested the victim was already dead when he fell, adding that the stowaway was "so intact... because his body was an ice block."While the death is not being treated as suspicious, police inquiries will continue.In 2015, a stowaway on a British Airways plane from Johannesburg fell on a roof during the jet's approach to Heathrow. A second man who was hiding in the undercarriage of the plane was hospitalized with injuries. 1948
With coronavirus spreading, and shoppers clearing out store shelves, it seemed we had enough to worry about. Nope, because computer 144
(AP) — Long Beach police say a shuttle bus driver who took passengers on a long, scary ride wasn't kidnapping them: he was just lost.Passengers began jumping out of the bus windows Thursday night when their expected five-minute ride to the "Dark Harbor" Halloween event at the Queen Mary tourist attraction turned into a long ride into neighboring Carson.The Long Beach Press-Telegram says police report the driver became disoriented by street closures.Some of the 20 to 30 passengers on board said the driver refused to heed their demands to stop the bus. Cellphone video showed some jumping out of windows. After several 911 calls, authorities stopped the bus.Authorities say they're still looking into a battery allegation that the driver punched a man who wanted him to stop.Passengers told KABC-TV they pleaded with the driver to stop and let them off but he wouldn't respond, and when he struck a rider they began jumping out the bus windows. 971
With only days left to live, a @UABSOM patient in the Palliative Care and Comfort Unit who was dying from lung cancer, was baptized in the pool at Spain Rehabilitation Center. @uabmedicine https://t.co/yzVH44OVfZ pic.twitter.com/oLvvSptJcG— UAB (@UABNews) October 1, 2019 284