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How Sears Was Gutted By Its Own CEO
The American Prospect ^ | Oct 17, 2018 | David Dayen

Posted on 12/28/2018 8:33:08 AM PST by Black Agnes

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To: Black Agnes

The CEO should never be a voting member of the board or President of the board-that is an inherent conflict of interest. However, that does not relieve the board or the CEO of fiduciary responsibility. Seems to me that shareholders need to file a lawsuit.

From a personal experience, we always ordered our appliances and many other things from Sears catalog when we had a local store. In fact, I prefer to have an actual catalog to peruse rather than the computer and make a list, which I then will fill out the order on the computer. For me, it’s faster to pick the items from the catalog.

After that local store closed, we ordered appliances from the catalog store in an adjacent town. Of course the appliances were great, and lasted a long time, so once we built our house, we didn’t need to order anymore for a while.

The Store in the adjacent town had a person that was always there, who was rude with a bad attitude, so the last time we bought an appliance, we went to LOWES, because the sales men were helpful and acted like they gave a darn.

If the Sears Catalog store had remained open in our town, we would have continued to use it, and a lot less Walmart, because we always try to support local businesses, and I loved their catalog.

When Sears left, we switched to Montgomery Ward, but they eventually closed too. Then, one after another the Car Dealerships closed. Now, there’s just a few used car dealerships, but Ford, Chevy, Chrysler have all closed.

Most of the stores on main street have been replaced by antique dealers or used/thrift stores. A few spaces are sitting empty. We still have a Dollar General though, but Ben Franklin got hit by a tornado, and they never reopened.

Well, this has been a sad post. Times change-not always for the better.


61 posted on 12/28/2018 1:11:16 PM PST by greeneyes
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To: Black Agnes

Reading this article, the phrase “a pair of pliers and a blowtorch” keep coming to mind.


62 posted on 12/28/2018 4:11:35 PM PST by DickBrannigan ("And the fact that I haven't put a gun in my mouth, you pudding of a woman, makes me a winner!")
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To: Black Agnes

Has anyone else noticed how often “hedge fund” millionaires are behind the globalist schemes destroying Western Civilization?


63 posted on 12/29/2018 3:06:52 PM PST by YogicCowboy ("I am not entirely on anyone's side, because no one is entirely on mine." - J. R. R. Tolkien)
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