Sears Bankruptcy & It's Pensions

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Posted in  Pensions, Sears, Bankruptcy, PBGC, Retirees

A Special Public Edition of Connecting Dots

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Think About This

  • The CEO-to-worker pay ratio grew from 347 to 1 in 2016 to 361 to 1 in 2017.
  • The company, which makes Nabisco products including Oreos, Chips Ahoy and Ritz Crackers, is leading the race to the bottom by offshoring jobs. New CEO Dirk Van de Put made more than $42.4 million in total compensation in 2017—more than 989 times the company’s median employee pay. Mondelēz’s former CEO Irene Rosenfeld also received $17.3 million in 2017, 403 times its median employee's pay.
  • The toy-maker Mattel had the highest pay ratio of any S&P 500 company. Mattel’s median employee is a manufacturing worker in Malaysia who made $6,271, resulting in a CEO-to-employee pay ratio of 4,987 to 1.

A Few Examples - Who Do You Use?

  • Weight Watchers - Mindy Grossman - Total Compensation: $33,372,283
  • Abercrombie & Fitch Company - Fran Horowitz - Total Compensation: $10,262,749
  • Gap - Arthur Peck - Total Compensation: $15,587,186
  • Williams-Sonoma - Laura Alber - Total Compensation: $14,429,332
  • Walmart - C. Douglas Mcmillon - Total Compensation: $22,791,276
  • Bed Bath & Beyond - Steven H. Temares - Total Compensation: $14,605,042