'This Is Not Ok': Sears Condemned for Ending Retirees' Life Insurance After Handing Executives $25 Million in Bonuses
The retail giant Sears came under fire Saturday following reports that the company is ending life insurance benefits for an undisclosed number of its 90,000 retirees—just months after handing executives over $25 million in bonuses.
“It’s the last benefit that retirees had,” Ron Olbrysh, chair of the National Association of Retired Sears Employees (NARSE), told CBS News.
As CBS reported:
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