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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSears 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.
Link to tweet
saidsimplesimon
(7,888 posts)maxsolomon
(33,461 posts)or just this tweet from someone I don't know?
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
maxsolomon
(33,461 posts)DU is not supposed to be Tweet Share Central.
SWBTATTReg
(22,205 posts)either.
Liberal In Texas
(13,613 posts)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
BumRushDaShow
(129,987 posts)AP put that out too - https://www.apnews.com/2c032541696a416cbee034911bd7e213
marylandblue
(12,344 posts)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.
woodsprite
(11,940 posts)zipplewrath
(16,646 posts)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)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)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)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.