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During 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 retiremen
by jaysonelliot 8y ago
During 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.