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Now Playing Everywhere - J. W. Mason
First act: Brash young(ish) hedge fund guy takes over iconic American business, forces through closures and layoffs, makes lots of money for his friends.

From the moment he bought into what was then called Sears, Roebuck & Co., he also maneuvered to protect his financial interests. At times, he even made money. He closed stores, fired employees and ... carved out some choice assets for himself.

All seems to be going well. But now the second act: He gets too attached, and instead of passing the drained but still functioning business onto some other sucker, imagines he can run it himself. But managing a giant retailer is harder than it looks. Getting on a videoconference a couple times a week and telling the executives that they're idiots isn't enough to turn things around.

Would have to quote the whole thing really.
by generic on Mon Oct 22nd, 2018 at 11:44:38 PM EST
[ Parent ]
Eddie Lampert should stop reading Ayn Rand

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Oct 27th, 2018 at 09:38:01 PM EST
[ Parent ]
Everyone should stop reading Ayn Rand except as a study in How Not To.
by rifek on Thu Nov 1st, 2018 at 09:41:46 PM EST
[ Parent ]


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