[Por_sha911]

Originally Posted by wdfifteen

I don’t think the latest management’s goal was to make the company successful. They wanted to tear it down for the purpose of transfering as many of the company’s assets to their own pockets as possible. Sears didn’t die because of management’s incompetence, it was killed for the benefit of its owners. It’s a get rich scheme that’s been going on for many years. One example is well documented in a book entitled “Glass Houses.”

Your bitterness is a little overblown.
I'm not disputing the looting but it only began when the company had one foot in the grave and another on a banana peel. No one sells a healthy profitable business to an investment or private equity firm when all is well. They do it out of desperation. The buyers then begin to do whatever it takes to turn a profit out of a loser.