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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
The New York City Police Department released surveillance video Thursday of a man, later fatally shot by police, pointing a silver object at residents as if he were brandishing a gun.The video also shows 911 call transcripts of neighborhood residents who reported the man to police.On Wednesday, police shot and killed the black man, identified as Saheed Vassell, in Brooklyn after he pointed what officers believed was a gun at them, authorities said.After the shooting, officers discovered that the object was "a pipe with some sort of knob on it," Chief of Department Terence A. Monahan said at a news conference.Vassell's death comes amid a resurgence of questions about law enforcement's unequal treatment of people of color following another police shooting recently in Sacramento, California. Police there said they thought Stephon Clark had a gun, but only a cell phone was found near his body.New York's attorney general opened an investigation Thursday morning into Vassell's death, said Amy Spitalnick, a spokeswoman for Attorney General Eric Schneiderman."We're committed to conducting an independent, comprehensive and fair investigation," she told CNN.New York City Mayor Bill de Blasio said Thursday the city will be "as transparent as we can in this situation."He also hypothesized what might have happened if the man actually did have a gun."Let's play out the scenario had it been different," he said. "If this individual with a loaded weapon, who for whatever reason, including a mental health challenge, was ready to use it, that's a split-second matter of trying to save lives right then and there."How you get the full facts of what the person has in their hand, and what their mental health condition might be, and are they known to anyone, in something that's playing out in seconds and minutes, that's a very tall order," de Blasio said.'Two-handed shooting stance'The incident started shortly before 5 p.m. Wednesday when officers received 911 calls of a man aiming what callers described as a silver firearm at people in Brooklyn, Monahan said."Three different 911 callers described a man with a gun, pointing it at people on the streets," he said.When officers arrived at the scene, they found a man matching the description provided by the callers, Monahan said."The suspect then took a two-handed shooting stance and pointed an object at the approaching officers, two of whom were in uniform," he said.Four officers discharged their weapons, striking the man, Monahan said. Then they gave him first aid and called for an ambulance to take him to the hospital, where he was pronounced dead."It appears we fired 10 rounds between the four officers," Monahan said. The unidentified officers, who were not wearing body cameras, discovered the metal pipe at the scene.911 transcripts releasedIn transcripts released Thursday by New York police, 911 callers appeared somewhat uncertain about what object Vassell was holding."There is a guy in a brown jacket walking around pointing -- I don't know, (to someone else) what is he pointing in people's face? They say it's a gun, it's silver," one caller said, according to a police transcript."There's a guy walking around the street, he looks like he's crazy, but he's pointing something at people that looks like a gun and he's like popping it, as if, like if he's pulling the trigger," another caller said.A third caller said the man is holding a gun.De Blasio emphasized that 911 dispatchers and police were responding to those fear-filled reports."If that's what officers were responding to in real time, we've got to recognize that if they believe they are dealing with an immediate matter of life and death to the people in the surrounding area, that's an exceedingly difficult, tense, split-second decision that has to be made," he said.By state law, the attorney general is appointed as a special prosecutor to oversee investigations into and prosecute matters related to incidents in which unarmed civilians die during interactions with police or incidents in which there is significant question as to whether the civilian was armed and dangerous, Spitalnick said, citing the law.'He's polite ... kind'Brooklyn resident Eric Vassell told CNN affiliate NY1 that the victim was his 35-year-old son, Saheed.Saheed Vassell had no access to guns and suffered from bipolar disorder, his father told the station."He's polite, nice, he's kind. He just comes and he goes," his father said.Mayor Bill de Blasio said his understanding was that Vassell had mental health issues."What I understand is the family members have already said publicly this is someone who had a profound mental health problem, was not on medication, hadn't been on medication," he said.Renewed calls for police reformPublic fury over the shooting deaths of people of color by law enforcement, which gained traction through the Black Lives Matter movement, swelled again last month after police in Sacramento killed Stephon Clark, an unarmed, African-American father.In light of Clark's killing, which sparked weeks of protests, California lawmakers have proposed a drastic change that would limit the scenarios in which police officers can use deadly force. The bill would replace the "reasonable force" rule with a stricter "necessary force" standard.The proposal also would establish that a homicide by an officer is "not justified if the officer's gross negligence contributed to making the force 'necessary,'" according to the proposal. 5550
"Kenny Rogers is, of course, one of music's most successful and enduring artists. His uncanny song sense and impeccable singing resonated across the genre lines that he took delight in ignoring. The antithesis of a gambler, he thought deeply and acted deliberately with every career decision, and those decisions brought to light the songwriting talents of Hal Bynum, Mickey Newbury, Don Schlitz, and many more. Though he was by any definition a superstar, he lived a life of service to songs, writers, and, above all, listeners." 538
(AP) — President Donald Trump’s campaign has requested a recount of votes in the Georgia presidential race, a day after state officials certified results showing Democrat Joe Biden won the state. Republican Secretary of State Brad Raffensperger certified the state’s election results on Friday. Those results showed Biden beat Trump by 12,670 votes out of about 5 million cast. Republican Gov. Brian Kemp then certified the state’s slate of 16 presidential electors. The Trump campaign sent a hand-delivered letter on Saturday to the secretary of state’s office requesting the recount after an election fraught with unfounded accusations of fraud by Trump and his supporters. 683
(AP) — False claims are spreading online about an election tech company this week after many social media users interpreted a clerk's error in Michigan as vote-rigging because it wrongly favored Joe Biden before being fixed. Posts on Facebook, Twitter, and Instagram claim without evidence that prominent Democrats have deep ties to Dominion Voting Systems, the company that supplies election equipment to Michigan and at least 30 states nationwide. Claims that House Speaker Nancy Pelosi, California Sen. Dianne Feinstein, and the Clinton Foundation have interest or influence in Dominion are all unsubstantiated. Dominion did not respond to a request for comment on these claims.Dominion made a one-time philanthropic commitment at a Clinton Global Initiative meeting in 2014, but the Clinton Foundation has no stake or involvement in Dominion’s operations, the nonprofit confirmed to the AP. A former aide to Pelosi has represented Dominion as a lobbyist, but so have lobbyists who worked for Republicans. Claims that Feinstein’s husband, Richard Blum, holds a stake in Dominion are baseless.When Michigan’s Antrim County initially reported a landslide win for Biden, social media users grew suspicious about the Dominion. As it turned out, Dominion was not to blame, according to the Michigan Department of State. “There was no malice, no fraud here, just human error,” County Clerk Sheryl Guy told the AP.The issue was quickly corrected, and President Donald Trump won a majority of votes in that county. 1517