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In reply to the discussion: Sears wins reprieve from liquidation as Chairman Lampert makes last-minute bid on bankrupt company [View all]brush
(53,759 posts)26. CEOs are paid big money to anticipate trends and guide their corps...
with the right decisions. Sears' CEOs missed it by not adapting their catalog to the internet. If they had, Amazon would never have existed.
Hope Lampert is the real deal and will save the company. It's up in the air though IMO since he's working with a hedge fund that might just be out to strip the company's assets and raid it's pension fund.
We'll see.
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Sears wins reprieve from liquidation as Chairman Lampert makes last-minute bid on bankrupt company [View all]
Zorro
Dec 2018
OP
I went to sears today and talked to a worker who said she thinks her job was safe.
kimbutgar
Dec 2018
#2
Sears did at least as much for America as the auto industry. It should've been the original Amazon.
ancianita
Dec 2018
#3
It was, and should've stayed that way. Amazon got to exist in the red for ten years before
ancianita
Dec 2018
#10
Thanks. I taught film for ten years and never came across that one. Much appreciated.
ancianita
Dec 2018
#16
I'm aware. I'm not saying Sears is due any sympathy, and I know "It's just business" is a thing.
ancianita
Dec 2018
#20
I do know that term. I think it's what Romney's Bain Capital was about. Who decides it's a crime are
ancianita
Dec 2018
#29
Let's hope. One never knows when it comes to management or Bain Capital types.
ancianita
Dec 2018
#30
I always experienced that they had not only the longest lasting appliances, but best repair.
ancianita
Dec 2018
#31
Closing the Sears at Towne East Sq in Wichita next year--last Sears store in Kansas
Bengus81
Dec 2018
#21
Sears is surely going down and Lampert is doing a contr.olled burn to maximize the return to himsel
keithbvadu2
Dec 2018
#27