Sears had more than 3,400 stores in 2005 -- then it was purchased by a hedge fund magnate. [View all]
Reposted by Kevin M. Kruse
https://bsky.app/profile/kevinmkruse.bsky.social
mtsw
@mtsw.bsky.social
Speaks to something deeply wrong with capitalism that Lampert was allowed to annihilate the value of this company to less than nothing while still walking away with hundreds of millions in profits for himself from the saga.
MisterJayEm
@misterjayem.bsky.social
· 3h
Sears had more than 3,400 stores in 2005 -- then it was purchased by a hedge fund magnate.
Why Searss Last Great Hope Was a Promise That Never Materialized
www.nytimes.com
6:44 PM · Dec 26, 2025
Speaks to something deeply wrong with capitalism that Lampert was allowed to annihilate the value of this company to less than nothing while still walking away with hundreds of millions in profits for himself from the saga.
— mtsw (@mtsw.bsky.social) 2025-12-26T23:44:29.827Z
Sears had more than 3,400 stores in 2005 -- then it was purchased by a hedge fund magnate.
— MisterJayEm (@misterjayem.bsky.social) 2025-12-26T21:49:50.136Z