11–20 of 108 posts
How is it a fiasco? He wanted to gut the place and get the real estate. He gutted the place and got the real estate. It's a heist, not a fiasco
How is it a fiasco? He wanted to gut the place and get the real estate. He gutted the place and got the real estate. It's a heist, not a fiasco
Maybe he intended it to be a heist, but it surely ended up being a costly fiasco. His fund is in the tank, and his personal fortune most certainly took a huge hit.
Also, is it schadenfreude to hate hubris?
How is it a fiasco? He wanted to gut the place and get the real estate. He gutted the place and got the real estate. It's a heist, not a fiasco
Maybe he intended it to be a heist, but it surely ended up being a costly fiasco. His fund is in the tank, and his personal fortune most certainly took a huge hit.
One of the most amazing "secret" benefits at Sears is their "Shop Your Way" loyalty program with Uber. Basically since last fall, every Uber Ride or Uber Eats purchase gives you $2-$4 cash back to use at Sears/Kmart online no matter the cost if you linked your accounts. Given my average Uber Pool is around $5, I've basically been getting 40% off all my Uber Pools for almost a year. It will be missed!
I just got a new craftsman table-saw yesterday basically for free. I need to pick it up before they go bankrupt!
Hubris and an unshakable belief in Ayn Rand... http://evonomics.com/the-ceo-of-sears-jon-haidt/
There are many out there who praise Ayn Rand, but I often find it illustrative to consider their actions over their words. My reading of Objectivism as described in Atlas Shrugged or The Fountainhead, would value the contributions of an entrepreneur building something of value to society over financial engineering that destroys value. Rand is also often carried as a banner by those with whom I'm not convinced she wou…
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There are many out there who praise Ayn Rand, but I often find it illustrative to consider their actions over their words. My reading of Objectivism as described in Atlas Shrugged or The Fountainhead, would value the contributions of an entrepreneur building something of value to society over financial engineering that destroys value. Rand is also often carried as a banner by those with whom I'm not convinced she wou…
As much as I might disagree with Rand, I certainly agree with your insight. The financial leeches of Lampert's ilk would most certainly be the villain in her novels ("Lampert was the kind always ready to profit from the work of others, without doing any of the work himself..."), and not the hero.
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Rand's legacy fits how she died: penniless and dependent on the institutions she viewed as failures of the human spirit. What a misguided wreak. Too bad she was influential, because much of the idiots stinking up the planet are her ideological children.
Objectivism really is a vacant and pretty incoherent "philosophy." It's no surprise she presented in in the form of tedious novels with wooden characters rather than engaging with actual philosphers. I think its popularity is due to the fact that it tells people what they want to hear, and they can think of themselves as John Galt-esque ubermenschen.
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As much as I might disagree with Rand, I certainly agree with your insight. The financial leeches of Lampert's ilk would most certainly be the villain in her novels ("Lampert was the kind always ready to profit from the work of others, without doing any of the work himself..."), and not the hero.
Financial leech? Are you arguing that without Lampert Sears would be a thriving business today?
Also note that the difference between "leech" and "recycler of misplaced assets" is thin to non-existent.
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Rand's legacy fits how she died: penniless and dependent on the institutions she viewed as failures of the human spirit. What a misguided wreak. Too bad she was influential, because much of the idiots stinking up the planet are her ideological children.
Objectivism really is a vacant and pretty incoherent "philosophy." It's no surprise she presented in in the form of tedious novels with wooden characters rather than engaging with actual philosphers. I think its popularity is due to the fact that it tells people what they want to hear, and they can think of themselves as John Galt-esque ubermenschen.
Of all the heroes we could encourage people to have, is John Galt really so awful? He's described as bright, hard-working, self-reliant, but also collaborative and supportive of the work of those around him. He's driven and entrepreneurial, but not anti-social. He doesn't come across as anti-government so much as desiring government that isn't kleptocratic or set on regulatory capture. So... is any of that so awful?
There's a spectrum here... those who praise Rand and Objectivism might do so with a bit too much fervor. But,I'm skeptical toward those who turn up their nose with disgust.
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Maybe he intended it to be a heist, but it surely ended up being a costly fiasco. His fund is in the tank, and his personal fortune most certainly took a huge hit.
its not super clear who is making and losing money in this saga