Poor Sears. Kind of sad that they're dying. But, for years, I've been going into their stores and like nobody is around, they've been ghost towns. It's almost like they gave up a long time ago.
So Lampert runs an American institution into the ground, now wants to buy assets he devalued at pennys on the dollar, to enrich himself, after putting tens of thousands out of work. What a country.
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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 »
Creditors Say Edward Lampert Reaped Billions but Left Sears InsolventSears Chairman Edward Lampert and his hedge fund deployed stock buybacks, spinoffs and dividends to rake in billions of dollars while stripping the company of assets and cash, according to an investigation by the retailer’s creditors No shit Sears. A great business raped by a few to line their own pockets. They're criminals. SenWarren ... if this isn't illegal, it should be. That is disgusting!
Source: WSJ - 🏆 98. / 63 Read more »
Sears to Stay Open, After Edward Lampert Prevails in Bankruptcy AuctionThe hedge-fund manager succeeded in a last-ditch effort to keep the 126-year-old retailer alive. His $5 billion offer beat a competing bid to liquidate the company. FundIACC with the assistance of EuropeanCommission and WorldBank by means of documents revealed the concealment by the anti-corruption bureau of Kazakhstan and Poland а smuggling Kazakhstan liquefied gas to Poland in the amount of 35 thousand tons and is preparing a court(Doc) Oh good, they have the best private bathrooms in the world. Will die
Source: WSJ - 🏆 98. / 63 Read more »
Edward Lampert Scrambles to Keep Sears AliveThe hedge-fund manager huddled with his advisers over the weekend to revamp his $4.4 billion offer to buy the business out of bankruptcy, after Sears’s directors said they didn’t consider the bid a qualified offer. Pathetic. Lampert ran a good company into the ground. SHAME! Yeah the judge approved the execs bonuses of over 25M. RemoveJudgeBrodman MatthewKellyExtremeDUI Fixthesystem DraintheJudicialSwamp Bet no one complains about him 'bagging'.
Source: WSJ - 🏆 98. / 63 Read more »
Court gives Sears new life, allows Chairman Eddie Lampert another chance to save retailerSears is giving Chairman Eddie Lampert another chance to buy the company out of bankruptcy and save roughly 55,000 jobs. saveLandsEnd how much money will ESL get out of this ? Hedge funds gain out of these circumstances ... Who even shops there honestly
Source: CNBC - 🏆 12. / 72 Read more »