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Wednesday, April 13, 2011

Former Sears CEO's Compensation Tripled In 2010

Back in February, the Sears Holding Company named Louis J. D'Ambrosio, formerly of IBM and of Avaya, its new CEO. As the company continues to struggle for profits and relevance, the Associated Press determined that W. Bruce Johnson, interim CEO from 2008 until this year, got a huge raise in 2010, which more than tripled his pay. For what? Not improving customers' satisfaction with Sears, if our mailbox is any indication.

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2 comments:

Anonymous said...

Make sure you pass this onto Robin-HOOD OBAMA so he can steal from the rich and give to the poor.

Anonymous said...

Sears will probably go bankrupt this year. Asking Obuma for a hand out.