Basically, the company had to pay for its own buyout when private equity firms KKL, Vornado, and Bain bought the company for $6.6 billion, mostly with loans.
Because the company then had to pay off those extreme loans, they were forced to sell off their assets and property, which they leased back from the very private equity firms that now owned them.
The same thing happened more recently with Red Lobster and JoAnn Fabrics.
Its best to plan to not have a retirement fund. Plenty of communities just take care of each other instead.
I’m not sure what you mean. We have a state pension tied to the stock market.
I also have a private pension too. I don’t see how not planning for retirement can be beneficial?