Thread regarding Sears layoffs

Eddies hedge fund has lost about 87% of the funds it once had. His spin offs have suffered huge losses and SRG's fate is not clear either. I do not believe Eddie is a billionaire any longer. Just a millionaire living well. His ability to attract others money is now gone .

Interesting article from Business Insider that speaks to some of the issues raised here. http://www.businessinsider.com/sears-failing-stores-closing-edward-lampert-bankruptcy-chances-2017-1

ZHD here. You associates are good people. I'm a different dog for sure. What is beautiful is that I treat people with respect and it works. The FLS employees come to me in Auto and ask for help because they know that I will try. I don't know what is going in FLS in jewelry per se.

Lately some fo the gals have been coming to me with personal problems regarding their domicile. That is WAY outside of the box but that is OK. I don't always have an easy answer right away.

They trust me and I earned that trust because I have treated them with respect and have many times offered cost efficient remedies.

You folks are going to get new jobs elsewhere. Take that pride in the work that you did and progress. Never forget what you learned.

it is what eddie has done to the workers of many years

ZHD has my respect for providing regular support to his peers (support that I receive absolutely none of from my leaders at Hoffman Estates.) I would rather have integrity and respect that will live on once we are long gone as opposed to being the richest guy in the graveyard, so thank you ZHD for your insights they do help a lot in this sea of madness.

would i rather be eddie in my florida mansion with my billions and my influential friends and my hot model wife or ZHD slaving away in some west coast sears auto centre pining for the adulation of my equally beat down co-workers.....?

dont be naive- eddie is and still will be worth billions after sears- he will come out of this richer. I think its common knowledge that he knew all along its was the assets he was after.

He is not stupid - and he has been through a lot- he was kidnapped 15 years ago at gunpoint but negotiated his own release. To be honest I admire him, he is sitting in a $40 million mansion with a model wife with a ton of influential friends and is worth a billion or 3......

here we are posting on a website about what might happen and our sh--ty situations like ZHD.

I suspect though after sears goes bk he will ship a lot of criticism, but it will pass.

Mweanwhile the jan 2019 $3 puts selling for around $1.20 look nice.....

Hubris is a good explanation. In the early days of the sad Sears Holdings saga, people were callling Eddie Lampert a genius and the "next Warren Buffett". According to an early article in Business Week, Eddie had grand visions of himself as the future guru of corporate turnarounds. All he had to do was make a few tough cost cutting decisions with SHC, the money would start flowing in and he could begin building his Berkshire Hathaway. The stock shot to $180 a share on the bright future of Sears Holdings with Eddie in charge.

He stated his plan and God laughed...I agree he has lost his mind. He appears completely unable to admit mistakes and make any corrections to the program. A few years from now with SHC in the dustbin of history, Eddie will be sitting in his Florida mansion trading stocks on a laptop. He will never be the next Warren Buffett, but he could be the next Howard Hughes.

Nicely said. What is driving Eddie is a complete mystery and that this point the only remaining explanation is hubris. What a cluster.