Even in 2021, I have never understood how this can happen. If a company fails, the C-suite people should walk away with nothing, just like the average employee does.
They tried it in the UK too. Walmart bought our ASDA supermarkets, then resold them when they found out they couldn’t squeeze the workers like they do in the US
Socialism is NOT Communism. Look it up if you are capable. Most of the Northern European countries are Social Democracies. They are very prosperous and their people are among the healthiest and happiest on Earth and thanks to Universal Healthcare, the healthiest too.
Even in 2021, I have never understood how this can happen. If a company fails, the C-suite people should walk away with nothing, just like the average employee does.
Agreed
Just remember to trust anti-worker laws in this country. In Europe they can’t do most of what Grumbel’s has done.
There’s a reason Wal-Mart failed in Germany, after all.
They tried it in the UK too. Walmart bought our ASDA supermarkets, then resold them when they found out they couldn’t squeeze the workers like they do in the US
Well, the executives and private equity firms can still rip off dying companies if that’s what you mean.
Currently, the USA is basically back to the 1900’s robber-baron era. Amazon actually was in the news recently for wanting to revive company towns.
This happened then…and it still happens now. Any wonder why socialism is becoming so popular among the younger generations.
If you think socialism makes things better a lot of former Soviet countries will say you are handing one devil for a bigger one.
Socialism is NOT Communism. Look it up if you are capable. Most of the Northern European countries are Social Democracies. They are very prosperous and their people are among the healthiest and happiest on Earth and thanks to Universal Healthcare, the healthiest too.
In 2020, “last year” was 2019. Didn’t the 100-store closure happen in 2018? Unless they did it again in 2019.
Its 2024…. the Bay just did this exact thing
It’s 2025, and the broligarchy is eating our country alive.
It’s 2026, and we’re looking at World War 3.