The beleaguered Hudson's Bay Co., which plans to close most of its 96 stores by the end of June, will pay up to $3 million total in retention bonuses to 121 managers and executives — but will not pay severance to its more than 9,300 workers, most of whom will soon lose their jobs.
Yes. The laws can be fixed.
Workers should be at the front of the line legally dividing up company assets.
The job may be gone, but folks could at least drive home with a work truck or a set of office chairs.
When investors and leadership are considered kings, and workers are peons, this is what happens.