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I'll see if I can find a link to an article that made a pretty convincing case for it. I think it was either Bloomberg or Barry Ritholtz's blog. I wonder if,
by hotsauceror 8y ago
I'll see if I can find a link to an article that made a pretty convincing case for it. I think it was either Bloomberg or Barry Ritholtz's blog.
I wonder if, as the last major tenant in a dying mall, maybe they get a cut of the sales when the mall itself gets sold by the developers? You've gotta be right, there's some sleight of hand that we're not privy to that acts as a license to print money.
- hotsauceror 8y agoThis search also reminded me of the other shady thing he's done. Since he bought Sears's real estate out from under them, he saddled Sears with millions in additional rent payments. That's money going directly from retail into his pocket, while he's acting as both landlord and tenant. https://www.usatoday.com/story/money/2017/03/22/sears-holdings-ceo-eddie-lampert/99487518/ https://www.usatoday.com/story/money/2017/03/22/sears-holdin...