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And look how that worked out for them?
by donatj 8y ago
And look how that worked out for them?
- jimktrains2 8y agoSears is ~112 years old; that's quite the run. Moreover, they have brands that continue to be produced and sold in other stores. Let's talk in 2106.
- jaysonelliot 8y agoDuring their best years, when Sears was a genre-defining behemoth, workers owned 25% of the company, and a warehouse worker could get the same kind of retirement package a salesman could if they had the seniority. They build an empire that lasted over a century, and flourished. Sears' downturn didn't come until two decades after they phased out worker-friendly policies like profit sharing, and their decline was based on poor strategic decisions, not the profit-sharing that had existed decades earlier. In other words, being excellent to their employees worked out great for Sears.