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by Bjinse on Mon Oct 22nd, 2018 at 08:19:00 PM EST
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 ]


by generic on Tue Oct 23rd, 2018 at 08:47:38 AM EST
[ Parent ]
playing the numbers
$1.6B jackpot, 23 Oct 2018

DICTION CORNER

Diversity is the key to economic and political evolution.

by Cat on Wed Oct 24th, 2018 at 08:13:42 AM EST
[ Parent ]
Ticket holder in SC incognito: Let's hope it isn't Lindsey Graham Cracker and his successors or assignees.

On second thought, let's hope it was someone passing through the state.

Diversity is the key to economic and political evolution.

by Cat on Wed Oct 24th, 2018 at 12:03:45 PM EST
[ Parent ]
oh, look, convergence. Better fascism, Swift made the donation over the weekend with the message, "Love, Taylor, Meredith and Olivia Swift," through chump change.

Are you one of the deserving few, too?

Diversity is the key to economic and political evolution.

by Cat on Wed Oct 24th, 2018 at 01:00:27 PM EST
[ Parent ]
US brands spending millions on Facebook political ads
$256.4M spent since May on authentic FB account holders alone

Diversity is the key to economic and political evolution.
by Cat on Wed Oct 24th, 2018 at 01:20:01 PM EST
[ Parent ]
Optimize Your Repression - Hmm Daily
The business of "global management consulting" has always existed in a realm of nebulous amorality. In a recent interview with Isaac Chotiner at Slate, Duff McDonald, a financial journalist who wrote a book on McKinsey, spelled it out neatly:

In their typical strategy work, they gave advice and made no representations about implementation. So if a strategy that McKinsey offered someone went horribly wrong on the implementation level, their response was always, "We have nothing to do with this. We simply gave them some ideas."

The genealogy of this attitude--or this affect of having no attitude at all--dates to the birth of management consulting at the start of the last century, to the work of the former engineer, Frederick Winslow Taylor, who dreamed up the idea of "scientific management." Taylor was himself an engineer, and like so many of our own contemporary gee-whiz tech boys, his "scientific" was less about a rigorous method of inquiry than about replacing "Should we?" with "Can we?" in a model universe free of social consequence.

by generic on Sun Oct 28th, 2018 at 09:24:40 AM EST
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