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Eddie Lampert, former CEO if Sears, seems to have gotten away with it.
by jnwatson 7y ago
Eddie Lampert, former CEO if Sears, seems to have gotten away with it.
- ineedasername 7y agoSears went bankrupt. In this context, for We, "getting away" with it doesn't really mean "Adam keeps the money." He got the money, there's no question there. Getting away with it has more to do with how the company fairs, so a bankrupt Sears isn't the best example.
- ivalm 7y agoThe point is who cares if the company goes bankrupt if you were able to extract enough money out of it. He extracted $700mil, that's like a 20% of regus's (their main competitor) valuation. And he did it faster and without the need for profitability.