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Perseus

(4,341 posts)

50. Eddie Lampert is the cause of Sears downfall

Fri Jun 1, 2018, 05:04 PM

Jun 2018

Eddie Lampert is an Ayn Rand follower who brought the culture of "Objectivism and Individuality" to Sears where he had departments compete with each other, the original business model of sears called for collaboration, not the crazy Rand competition where it is ok to kill someone in your family as long as it helps you move forward.

Eddie Lampert destroyed K-Mart, eliminated the "Sears Catalog" plus the management culture of which I talk about in the previous paragraph.

Lampert is not going to loose any money, on the contrary, his hedge fund will do just fine.

A few times I went to Sears I tried to get some feedback from the employees about Lampert and it was general knowledge the guy had never intended to "Make Sears Great Again"

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The latest Sears closures are a symptom of the disease. [View all] guillaumeb Jun 2018 OP

The bottom line is runaway greed lunatica Jun 2018 #1

Indeed. guillaumeb Jun 2018 #3

Sears has been a poorly run corporation for a long time exboyfil Jun 2018 #2

One anecdote does not constitute proof. guillaumeb Jun 2018 #5

You are right about that exboyfil Jun 2018 #8

Well said. guillaumeb Jun 2018 #9

My husband had a summer job at Sears. It was a pretty good deal. LeftInTX Jun 2018 #17

Craftsman is now made in China mikeysnot Jun 2018 #36

Eons ago I bought a seat belt set from them. One buckle was cracked when I got home and RKP5637 Jun 2018 #7

Almost a duplicate for my experience exboyfil Jun 2018 #10

Yep, they had some really good applances. n/t RKP5637 Jun 2018 #12

Got a new washer and dryer from them in 2016 and, sprinkleeninow Jun 2018 #27

It's sad to see a company like Sears was probably fade away. When I was a kid it was always a RKP5637 Jun 2018 #29

True. I now recall when we shopped, the fragrance of fresh popping sprinkleeninow Jun 2018 #52

... RKP5637 Jun 2018 #53

Our Sears Kenmore washer & dryer... Dulcinea Jun 2018 #30

Yep, I had a set like that. I wish I still had them. I kept them running and running. RKP5637 Jun 2018 #31

We got a Kenmore washer/dryer set in 1985 right after we were married. yonder Jun 2018 #33

Yes the Kenmore products were always very reliable and last forever. YOHABLO Jun 2018 #34

Of course, Kenmore was just a brand name stamped on some other manufacturer. erronis Jun 2018 #38

We've had our pair since 1989! Plucketeer Jun 2018 #42

The Sears near my house DownriverDem Jun 2018 #37

... because Reaganomics works so damn well. n/t RKP5637 Jun 2018 #4

The proof is everywhere. guillaumeb Jun 2018 #6

Reagan would be proud! I just can't understand the fools that keep voting these people into office. RKP5637 Jun 2018 #11

sears is one of those companies that seemed to guess wrong at each opportunity dembotoz Jun 2018 #13

Sears employees were often full time employees. guillaumeb Jun 2018 #15

Sears most definitely demanded tax breaks fescuerescue Jun 2018 #28

Sears had infrastructure and expertise in place dembotoz Jun 2018 #39

But online retailers have minimal infrastructure. guillaumeb Jun 2018 #47

That's pretty much it. Captain Stern Jun 2018 #55

Companies innovate until they don't dembotoz Jun 2018 #56

Eddie Lampert moondust Jun 2018 #14

Very well said. guillaumeb Jun 2018 #16

Yes. And throw in some "interest" by the russian mafia/oligarchy. erronis Jun 2018 #40

Sounds like a raging asshole. smirkymonkey Jun 2018 #20

THANK you! jmowreader Jun 2018 #46

Our economic system is broken by nature. Initech Jun 2018 #18

I would say broken by design. guillaumeb Jun 2018 #19

I blame Ayn Rand. Initech Jun 2018 #23

Agreed. She gave literary and philosophical legitimacy guillaumeb Jun 2018 #45

Things have permanently changed. Blue_true Jun 2018 #43

My biggest proof.. Crutchez_CuiBono Jun 2018 #21

So many malls are ghost towns anymore. Initech Jun 2018 #24

Unless we say no. Crutchez_CuiBono Jun 2018 #25

The face of America, now and in the future. RKP5637 Jun 2018 #54

Meanwhile, Donnie is about federally "bail out" Big Coal... Blue_Tires Jun 2018 #22

Thank hedge fund manager, ex Goldman Sachs, CEO, Edward Lampert. sinkingfeeling Jun 2018 #26

Ummm Yuorik57 Jun 2018 #32

So the jobs are at UPS and FedX? YOHABLO Jun 2018 #35

And the money services (Visa, Amazon CC, etc.) erronis Jun 2018 #41

That free delivery is not really free. guillaumeb Jun 2018 #48

Sears was being run by a libertarian who made the various divisions pnwmom Jun 2018 #44

True, but the conditions that allow this did not start yesterday. guillaumeb Jun 2018 #49

Eddie Lampert is the cause of Sears downfall Perseus Jun 2018 #50

And Lampert's company will charge Sears for its own destruction. guillaumeb Jun 2018 #51