Oh, Sears Canada is now out of business and the workers got nothing... but don't worry the executives that the company was so worried about received their bonuses.
"I won't do my job well without a few extra million dollars."
And this, "it is the employees - and more particularly the senior management team - that must execute at this critical juncture" ...
"Screw you, people actually working the stores, you'll be lucky if we have a pension fund at the end of this. You need to be executing. Bonus? Haven't you heard, we're bankrupt, we have no money for that! Oh, wait, you're on the executive team, absolutely we do!"
You pay them the bank because if they screw up if proliferates all the way down and they lose even more.
That’s what pisses people off.
When the music stops for a pension, your chair is up for grabs. When the music stops for a 401k, nobody can grab your chair.