The ‘fat lady’ is getting ready to sing.
I don’t know if Eddie Lampert’s recent quote in The New York Times was intended to be a tutorial on business or if he was just whining about his long and ongoing failure to fix the miserably declining retail mess called Sears Holdings (of which he is chairman and CEO).
Read this and imagine hearing him saying it:
“I’d like to go faster. I’d like to go bigger. We’re just not making money, which makes it much, much harder to fund the transformation.”
Doesn’t that sound like whining to you? It sure does to me. Of course I’ve purposely made myself privy to all of his many ‘trickster’ statements ever since he cobbled together the two ‘Titanics’ in 2005, better known as Kmart and Sears. And I’ve attached as many descriptive monikers to his name as there have been tricks up his sleeve. From Eddie, the “magician” to “fast buck” Eddie to “Dr. Strangelove” to Eddie “hedge-your-bets” Lampert, and now I give you Eddie “the whining professor” Lampert. [Read more...]