Bankrupt Sears wants to give executives $19 million in bonuses

‘);$vidEndSlate.removeClass(‘video__end-slate–inactive’).addClass(‘video__end-slate–active’);}};CNN.autoPlayVideoExist = (CNN.autoPlayVideoExist === true) ? true : false;var configObj = {thumb: ‘none’,video: ‘business/2018/10/02/sears-history-orig.cnn’,width: ‘100%’,height: ‘100%’,section: ‘domestic’,profile: ‘expansion’,network: ‘cnn’,markupId: ‘large-media_0’,adsection: ‘const-article-carousel-pagetop’,frameWidth: ‘100%’,frameHeight: ‘100%’,posterImageOverride: {“mini”:{“width”:220,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/181002173716-sears-origin-story-small-169.jpg”,”height”:124},”xsmall”:{“width”:307,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/181002173716-sears-origin-story-medium-plus-169.jpg”,”height”:173},”small”:{“width”:460,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/181002173716-sears-origin-story-large-169.jpg”,”height”:259},”medium”:{“width”:780,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/181002173716-sears-origin-story-exlarge-169.jpg”,”height”:438},”large”:{“width”:1100,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/181002173716-sears-origin-story-super-169.jpg”,”height”:619},”full16x9″:{“width”:1600,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/181002173716-sears-origin-story-full-169.jpg”,”height”:900},”mini1x1″:{“width”:120,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/181002173716-sears-origin-story-small-11.jpg”,”height”:120}}},autoStartVideo = false,isVideoReplayClicked = false,callbackObj,containerEl,currentVideoCollection = [{“title”:”Believe it or not, Sears once revolutionized retail”,”duration”:”01:52″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/02/sears-history-orig.cnn/index.xml”,”videoId”:”business/2018/10/02/sears-history-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181002173716-sears-origin-story-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/02/sears-history-orig.cnn/video/playlists/business-retail/”,”description”:”Sears is now closing thousands of stores and losing billions of dollars. But that wasn’t always the case. Here’s…

Continue Reading →

Sears CEO’s hedge fund: Struggling retailer must act ‘immediately’ to buy time for turnaround

The hedge fund run by Sears CEO Edward Lampert issued its strongest warning to date that the retailer must “immediately” take steps to right itself, calling on the company to restructure debt and sell off assets. Lampert’s ESL Investments wants Hoffman Estates-based Sears Holdings Corp. to restructure more than $1 billion in debt and sell…

Continue Reading →