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Trump Says Sears Was Mismanaged. Mnuchin Was on Its Board for Years

  • President says retailer ‘obviously improperly run’ many years
  • Mnuchin was on Sears board of directors from 2005 until 2016
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Sears Files for Bankruptcy
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President Donald Trump said that Sears Holdings Corp. had been mismanaged for years before it declared bankruptcy. Among those responsible for its management: his Treasury secretary.

Steven Mnuchin was a member of Sears’s board from 2005 until December 2016, and before that was a director for K-Mart Corp., which was acquired by Sears in 2005.