JC Penney cuts employee hours after 'expense challenge': NY Post

[Human101948]

4. Well, the execs certainly aren't worth the money they are being paid...

because they keep losing money. And then they expect the low level employees to make it up.

It's only a matter of time before they bankrupt the company.

It's like Eddie Lampert is sucking Sears dry, extracting fees for himself. But he doesn't care if it goes belly up because the real estate holdings will make him ever more wealthy when it goes under.

A decade after merging the ailing Kmart and Sears, Roebuck chains into a retail holding company, billionaire hedge fund operator Lampert has presided over the transformation of two once-great industry names into shells of their former self, stripping virtually everything of value from the company.

Even the recent move to form a real estate investment trust, which finally -- finally! -- seeks to monetize the portfolio of properties Sears owns, it's being done in such a way that investors will likely see little benefit.

http://www.fool.com/investing/general/2015/05/20/why-sears-so-investors-should-lovehate-eddie-lampe.aspx