Sears Comes to an End
Sears is now on the path to liquidation, as the company has rejected Chairman Eddie Lampert’s 4.4-billion-dollar bid. The historic retail giant filed bankruptcy last year. Sears’ financial advisors cautioned that issues around fees and owed vendor payments had gone unresolved and advised against accepting Lampert’s bid. 50,000 jobs will disappear.
Juggling Social and Financial Responsibility
Businesses that announce plans to make a social impact (whether for a community, the environment, or some other contemporary issue), often are forced to dial their efforts back when shareholders express concern that their earnings may decrease. Today’s consumers, however, are increasingly expecting social responsibility from brands, so finding ways to make an impact while satisfying financial interests is becoming an imperative.