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Bed Bath & Beyond Files for Social Security

Approaching 53, the company files for early retirement.

Satire

In an unprecedented move that has left economists scratching their heads and retirees feeling a bit jealous, Bed Bath & Beyond, approaching its 53rd birthday, has officially filed for Social Security. This marks the first time a corporation, taking advantage of the somewhat nebulous concept of corporate personhood, has decided to hang up its retail boots and enjoy the golden years of retirement.

Bed Bath & Beyond Files for Social Security Exterior of a closing Bed Bath & Beyond store in Taylor, Michigan. This store was among the last remaining Bed Bath & Beyond locations, closing permanently on June 24, 2023.

"It's been a long, fruitful journey, but even companies need a break," stated Bed Bath & Beyond's CEO, while browsing through a catalog of Caribbean cruises designed for the newly retired. The company's decision to file for early retirement at 53, a daring move in the corporate world, has sparked a debate over the nuances of corporate personhood.

Legal experts are baffled, with one seasoned lawyer stating, "I've seen corporations do a lot of human-like things: pay taxes, break laws, even have political opinions. But filing for Social Security? That's a new one." The legal implications are dizzying, as analysts wonder whether other companies will follow suit. "Can Google start collecting pension at 65? Will McDonald's eventually need a hip replacement? These are the questions we now face," the lawyer added, half in jest.

Financial analysts have noted that this could set a new trend in corporate lifecycle management. "We've had startups, scale-ups, and shutdowns. But retirements? This is a game-changer," said one Wall Street analyst, who was promptly seen updating his LinkedIn profile to include 'Retirement Planning for Corporations' as a new skill.

Meanwhile, the Social Security Administration, already bewildered by the sheer amount of paperwork, is scrambling to update its guidelines. An anonymous source from the agency shared, "We're equipped to handle retirement claims from individuals, sure. But processing a claim from a company with hundreds of stores and thousands of bath mats? That's uncharted territory."

In a touching gesture of corporate solidarity, several companies have sent Bed Bath & Beyond farewell gifts, including a giant retirement card signed by all the employees at Amazon and a lifetime supply of scented candles from Yankee Candle. "It's the least we can do for a company that's provided us with so many towels and toasters over the years," said a spokesperson from Yankee Candle.

As for Bed Bath & Beyond, the company looks forward to its retirement years. Plans are already underway for a grandiose farewell party, with a theme rumored to be 'Bathrobes and Beyond.' As one employee put it, "We've been helping others make their homes comfortable for years. Now, it's time we focused on our own comfort."

Posted on Dec. 31, 2023, 6:30 p.m. by Lewis Fletcher