2 ms·
The Sears situation is just sad. I'm not sure why shareholders are putting up with it, except... most probably have just accepted the narrative that sears is d
by mgkimsal 9y ago
The Sears situation is just sad. I'm not sure why shareholders are putting up with it, except... most probably have just accepted the narrative that sears is dead, and are OK with the sell off and ... yeah, treason isn't a bad word. But... selling off assets you control to another company you also control would seem like... oh.. what's the term? Conflict of interest? I don't understand in the slightest why this has been allowed to go on. I can't imagine if, say, Target's CEO started cutting store budgets, then closing and selling the bad performing stores and real estate to another company the CEO owned, and then made a profit repurposing those stores to other companies. It's truly bizarre.
- jandrese 9y agoI figure the board must be getting their pockets lined as the CEO guts the company as fast as possible. It's going to be sad but completely predictable when Sears goes under.
- madengr 9y agoSears was/is a total mess. Went there to buy something (before they closed the local store) and it took 10 minutes to checkout, with the clerk fumbling between the iPad, a CRT register, and credit card scanner. What a cluster F.