Steven Mnuchin was on the board of Sears when Trump said it was 'improperly run'

pulse

October 16, 2018 1:23 PM

Steven Mnuchin, Secretary of the Treasury, was a member of the Sears board for the time President Donald Trump said it was 'improperly run.' Sears filed for Chapter 11 bankruptcy on Monday, prompting Trump to say 'Sears has been dying for many years.' Mnuchin was a board member from 2005 to 2016.

Steven Mnuchin, Secretary of the Treasury, was a member of the Sears board for the time that President Donald Trump said it was "improperly run."
Sears filed for Chapter 11 bankruptcy on Monday, when Trump said: "Sears has been dying for many years."
Mnuchin was a member of Sears' board from 2005 to 2016, and was previously a member of Kmart's board before it was bought by Sears.

Treasury Secretary Steven Mnuchin was for more than 10 years a member of the board at Sears, a company President Donald Trump described it as being "improperly run" after it filed for bankruptcy.

Sears, once the biggest retailer in the US, filed for Chapter 11 bankruptcy on Monday. Hours later, Trump told reporters that "Sears has been dying for many years."

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Mnuchin was a college roommate of Sears ChairmanEddie Lampert, who attended Mnuchin’s confirmation hearing for Treasury secretary in January 2017, according to Bloomberg.

Mnuchin separated from Sears before joining the Trump administration.

Sears is closing 142 Sears and Kmart stores, with liquidation sales beginning immediately. Lampert has stepped down as CEO of the company but will remain chairman.

Sears has

A statement from the company on Monday said closing stores would give Sears the "

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