I didn't know they sold homes. Kind of amazing. It's a surprising footnote in the tragedy of Sears.
The popular narrative of an out-of-touch company unable to compete with the likes of Amazon is false. The CEO is a hedge fund manager who pillaged the company, sold off it's best assets (sometimes to himself), loaded up the company with debt, and used it to pay himself millions.
The popular narrative of an out-of-touch company unable to compete with the likes of Amazon is false. The CEO is a hedge fund manager who pillaged the company, sold off it's best assets (sometimes to himself), loaded up the company with debt, and used it to pay himself millions.
http://prospect.org/article/it-was-vulture-capitalism-killed...
There is no good reason we are losing this company which has been the backbone of American commerce for over a century.