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Wasn't this also a case of pretty spectacular mismanagement on CEO's part? I remember reading stuff like this: https://www.bloomberg.com/news/articles/2013-07-1
by conistonwater 10y ago
Wasn't this also a case of pretty spectacular mismanagement on CEO's part? I remember reading stuff like this: https://www.bloomberg.com/news/articles/2013-07-11/at-sears-eddie-lamperts-warring-divisions-model-adds-to-the-troubles https://www.bloomberg.com/news/articles/2013-07-11/at-sears-..., it was rather fascinating. It seems from that that it wasn't just a case of overly rosy expectations.
- dharmon 10y agoYeah, definitely. Smart investors with no management or operations experience install capable people as CEO, as Buffett has done on several occasions. Arrogant investors seem to think, "running a business can't be that hard..."
- huherto 10y ago> Arrogant investors seem to think, "running a business can't be that hard..." Running a country can't be that hard...oh my god.
- 2sk21 10y agoIndeed - Eddie Lampert seems to be very strongly driven by ideology instead of business.