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All right folks, well welcome to Investing for Beginners Podcast. This is episode 106. Tonight Andrew and I are going to talk about the disaster that is Sears and all the goings on with that and talk a little bit about bankruptcies and some other things.

So Andrew, why don't you go ahead and tell us about the article that you sent me today and we can talk a little bit about that.

Yeah, it's actually kind of depressing and would piss a lot of people off,

especially the people that work there.

So Eddie Lampert, he was the former Sears CEO and I don't know maybe you know better than I was he did he have like a big ownership stake in the company too, is that why?

I think so, yeah. He's a hedge fund billionaire. He was supposed to turn Sears into the next Berkshire Hathaway.

How did that, how'd that work out? That's a good. So apparently Sears. Okay so I guess

he bought them out of the bankruptcy. Sears had promised their workers that they would pay a week of severance for every year that they were at the company.

So this woman, this is from the CBS News article, this woman, Brenda from California, said, after 21 years of service, I was laid off in January 2019 and receive just four weeks.

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