Markets

Sears craters after filing for bankruptcy

Sears Holdings filed for Chapter 11 bankruptcy early Monday morning The iconic American retailer will close 142 stores by year end and Eddie Lampert will step down as CEO but remain chairman. Sears was down as much as 25% ahead of the opening bell. Watch Sears trade in real time […]
Sears craters after filing for bankruptcy
Markets

Wall Street will never have the courage to admit why Eddie Lampert failed

Eddie Lampert failed at turning Sears around because the premise of his approach was flawed. Activist investors like him are the purest expression of shareholder primacy, the idea that shareholders are the most important part of a company and the only people companies have a responsibility toward. This philosophy often […]
Wall Street will never have the courage to admit why Eddie Lampert failed