Quote:
Originally Posted by Noah930
I'm not a finance guy, but I think we are all missing the financial point. The guy who owns the place doesn't care if the chain goes down the tubes. That's why there has been no innovation or attempt to keep up with the times. The value has been in the brands that have been sold off, the properties/real estate, and the names/information from customer lists that have been sold to third parties. The parts are worth more than the whole. Lampert's taken a car (albeit a formerly running one), and parted it out.
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That’s been the model for the demise of a lot of our great companies. I recommend the book “Glass Houses” for a stomach turning look at how it’s done.
We have strayed too far from the country we once was, when we made stuff. Now all that is important is making money, no matter what you have to destroy and how many lives you wreck to do it. We would be a better country if a degree in engineering paid off as well as a degree in finance.