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fleur-de-lisa

(14,629 posts)
Tue Jan 8, 2019, 03:55 PM Jan 2019

Sears CEO based his business decisions on Ayn Rand philosophy. Sears will now be liquidated.

JRehling @JRehling

Sears CEO, Eddie Lampert, is an avid follower of Ayn Rand and has based his business decisions on Rand's philosophy, objectivism. Today, Sears will be liquidated and plans to close. Extreme conservatism is bad for people AND bad for business.


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Sears CEO based his business decisions on Ayn Rand philosophy. Sears will now be liquidated. (Original Post) fleur-de-lisa Jan 2019 OP
The Koch brothers should be due for a fall. imo saidsimplesimon Jan 2019 #1
Is there any more to read on this assertion? maxsolomon Jan 2019 #2
Here: dalton99a Jan 2019 #5
thanks! maxsolomon Jan 2019 #7
There we go. Ayn Rand has never been proven as a valid economic system, and never will ... SWBTATTReg Jan 2019 #3
Not so fast LOL.... Liberal In Texas Jan 2019 #4
THIS BumRushDaShow Jan 2019 #10
In Atlas Shrugged, a capitalist deliberately crashed his company marylandblue Jan 2019 #6
Sounds like Ayn Rand's philosphy is a cancer on society. n/t woodsprite Jan 2019 #8
Internal competition zipplewrath Jan 2019 #9
Yup. Rand was WRONG, along with many others. The key to survival/success is cooperation. Silver Gaia Jan 2019 #13
Be careful what you wish for, Eddie Lampert. akraven Jan 2019 #11
Sears was dead long before he took over. But if anyone was wasting time reading Rand's boring tomes, Hoyt Jan 2019 #12

dalton99a

(81,707 posts)
5. Here:
Tue Jan 8, 2019, 04:08 PM
Jan 2019
https://www.inc.com/erik-sherman/sears-ceo-eddie-lampert-should-stop-reading-ayn-rand.html
Sears CEO Eddie Lampert Should Stop Reading Ayn Rand
A philosophical theory that causes you to drive a company into a brick wall is one you should abandon.
By Erik Sherman
Aug 17, 2015

Liberal In Texas

(13,613 posts)
4. Not so fast LOL....
Tue Jan 8, 2019, 04:03 PM
Jan 2019
Court gives Sears new life, allows Chairman Eddie Lampert another chance to save retailer

Sears Chairman Eddie Lampert gets another chance to save the bankrupt retailer.

Lampert's hedge fund, ESL Investments, is now required to pay a $120 million deposit by 4:00 p.m. Wednesday to allow for a deal to keep 425 Sears and Kmart stores open in play.

An auction will then be held on Monday, where Lampert's bid will compete against those of other liquidators.

https://www.cnbc.com/2019/01/08/chairman-eddie-lampert-to-get-another-chance-to-save-sears-sources-say.html


marylandblue

(12,344 posts)
6. In Atlas Shrugged, a capitalist deliberately crashed his company
Tue Jan 8, 2019, 04:08 PM
Jan 2019

In the book, it was to prove that the world needs capitalists. In the Lambert version, it was to prove you can make a fortune that way.

zipplewrath

(16,646 posts)
9. Internal competition
Tue Jan 8, 2019, 04:23 PM
Jan 2019

One of his biggest flaws was the idea of making departments and personnel "compete" with each other inside the company, and even within a store. Cooperative action is almost always more valuable than competitive within a team. He had departments compete with each other such that they would actively try to undermine other departments in order to make themselves look better.

Silver Gaia

(4,552 posts)
13. Yup. Rand was WRONG, along with many others. The key to survival/success is cooperation.
Tue Jan 8, 2019, 05:27 PM
Jan 2019

Cooperation, not struggle for survival, drives evolution, say researchers: Empirical experiment confirms new hypothesis on evolution of life (May, 2016): https://www.sciencedaily.com/releases/2016/05/160512100708.htm

akraven

(1,975 posts)
11. Be careful what you wish for, Eddie Lampert.
Tue Jan 8, 2019, 05:00 PM
Jan 2019

Sears was always huge here in Interior Alaska until they way overstepped themselves. I remember the catalog in 1968, ordering things for the new school year and they finally opened a store in about 1980.

Reliable.

The last time I was in the local store, it was shoddy, poorly maintained, and the clerks had no friggin' idea what they were talking about. That was 10 or so years ago.

Now we shop locally even if it's 50% more.

 

Hoyt

(54,770 posts)
12. Sears was dead long before he took over. But if anyone was wasting time reading Rand's boring tomes,
Tue Jan 8, 2019, 05:07 PM
Jan 2019

that just kept them from finding some solution. Those books are so dreary that I can't imagine what working for Sears would be like. Last time I went in one, it was pretty bland and boring.

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