What is Sears worth ?
Tossing more money at it won’t help. It’ll only prolong the pain. They’ve had plenty of time to revitalize operations, and failed. The only successes was picking what was Sears apart. Anyone can do that. fail sears sad
WHY
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Ex-Sears CEO Eddie Lampert orchestrated 'scheme' to 'steal' Sears, creditors allegeSears boss and investor Eddie Lampert orchestrated a 'multi-faceted scheme' to strip the company of assets, major creditors alleged. That is correct If true I hope he does time for it. Of course Eddie Lampert did. He began when he bought Sears. He has been stripping assets for years. It's been in the news for years.
Source: USATODAY - 🏆 100. / 63 Read more »
Win or lose, Sears' chairman may still come out on topNEW YORK (AP) — As Sears teeters on the brink of collapse, one man stands at the center of the fight for the future of the iconic retailer. Eddie Lampert plays several often-conflicting roles in what could be the final chapter for the company that began as a mail order watch business 132 years ago. He's been chairman, CEO, landlord, lender, and largest shareholder — all at the same time. If the company survives, he wins. If it ends up liquidating, he also wins. No one is surprised. No one. Got to love when you write the laws to favor your business transactions. The Rich get Richer and the poor people who work for Sears And Kmart lose their jobs!! 😡Same shit, different day! 💩 mondaythoughts
Source: AP - 🏆 728. / 51 Read more »