Posted on 10/17/2018 11:37:04 AM PDT by Oldeconomybuyer
Tens of thousands workers laid off when Toys R Us went bust last year have a politically powerful new ally in their fight to win severance from the bankrupt retailer: Sen. Elizabeth Warren.
The Massachusetts Democrat, who is rumored to be weighing a run for the White House in 2020, is pressing the financial firms behind the decision to liquidate Toys R Us to contribute to a fund for affected employees.
"The liquidation of Toys R Us -- reportedly at the urging of your firm -- caused more than 30,000 American workers to lose their jobs without the severance they would otherwise receive," Warren wrote Tuesday in a letter to Steven Roth, CEO of Vornado, which had an ownership stake in the retailer. "I strongly urge you to participate in discussions about financing a viable hardship fund for the affected families."
In a similar letter sent to five large holders of Toys R Us debt, Warren asked if the creditors had rejected potential acquisition offers for the company.
(Excerpt) Read more at cbsnews.com ...
Hey Fauxcohantas and whiny selfish union-wannabes:
What part of “BANKRUPT” don’t you understand?
Squaw smelly beaver makeum no sense. Send smoke signal that there are over 6 million jobs waiting too be filled but give em Trump no peace pipe
LOL!
I was just wondering today if anyone would mangle “Sacagawea” to fit Fau...I mean Warren.
My Wife just got laid off from JC Pennys after they closed the store she where she worked. She got nothing.
Lizzy, where are you?
Doing the job other Stupid Senators won’t.
Asking a private firm to do more than the law requires...even violating Federal BK law to make employees SENIOR to all other debt holders, above and beyond payroll obligations.
This ask requires a change in Federal Law.
With all the unfilled job openings, these people can’t find a job?
Where the heck was she when the leader of HER party allowed GM to screw their workers out of owed money during the GM bankruptcy?
I don’t know, but it wasn’t the Senate.
If Democrats were as stingy with the taxpayer’s money as they are with their own money then the country wouldn’t be in debt................
I worked for FIVE retailers who all went bankrupt.
Never got a severance check from any of ‘em.
Suck it up, Buttercup.
Yeah, it’s a tragedy to see an iconic entity like that be picked clean by vultures. Sears could have literally been Amazon had they embraced eCommerce, what a historic missed opportunity.
Guvment critters are not familiar with the concept of people losing jobs.
Fake poke - hontas needed a boost, after we found out that she is a fake indian.
EXACTLY!
Now that is crumbs.
Like a good Dem snake, she gets to play the savior on someone else’s dime. Since when do peons get “severance”? I thought that word only belonged in the management class.
Wow! She really going to bat for Toys R Us just like she did the Coal Miners!
Stupid fake Harvard Indian.
How?
Sorry, that is cultural appropriation.
Like a good Dem snake, she gets to play the savior on someone else’s dime. Since when do peons get “severance”? I thought that word only belonged in the management class.
She is trying to get the creditors that are liquidating the assets to recoup their losses to "donate" that money to the former employees of the company that defaulted on their loans.
So very SOCIALIST of her.
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