Quote:
Originally Posted by asphaltgambler
I'll repeat what I believe is going on - there is no doubt the current and past CEO's running the business into the ground to glean the real estate holdings or personally profiting from the sale of the Sear's brands on either the front or back end or some other gain.
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Short term profit taking by PE raiders has hastened the demise of many US businesses. They begin by getting control, and they start picking the bones of companies that might have survived if the raiders had been real investors instead of grave robbers.