Has Eddie ever done a visit to a store location? I know I would want to know first hand what was going on in my stores. Knowing him he has probably never set foot in either store sadly.
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Maybe we would all be saved if he visited our store with its defunct roof that needed replacing about 15 years ago and it fell down on him. Wait the ceiling is already falling on him even if he has a jet pack to fly out of this mess. His answer just replace the ceiling tiles and throw a couple buckets of tar up there blindly much like he has run this company from day 1. Just patch one problem quickly move unto the other one and offer a quick fix without actually fixing the main problems. Strip mine the company it's worked so well. Ignore anyone's advice who knows anything about retail that might have worked ie rebranding remodeling etc. Fire them if they start to question u as he is the king pumba. I'm am sitting on my golden toilet seat right now in awe of him. He is my idol. We are huge. Flush.
LOL! Eddie setting foot in one of his stores...now THAT is funny! He won't even set foot off of his island!
It might be interesting if eddie ever came into our kmart store. We are in the hood. He might start a riot. From employees and customers too. That would be interesting. Eddie would probably drive away quickly in his limousine with secret service protection and say I've made other couple of bucks as my severance say.
Eddie visit a store???? There is no way he would risk kicking up any asbestos dust from the floor tiles or have a wet ceiling tile fall on him.
Eddie Lampert is a recluse who pees in milk jugs like Howard Huges except he isn't a success at Business like Huges. Just a closet homosexual.
So SHLD is a buy?
Back in the old days when CEO's would come to visit the company they were also majority owner of the company. They would visit to see where they could make cuts, eliminate jobs, automate or improve the business. The problem with this is that the workers and little guy had no say in the business or shared in the profits.
Now with businesses all about profits the workers can buy stock in the company, have stock options, profit sharing. Many retirement funds, and others now buy stock in companies.
My point is that nothing is in a vacuum. The profit of a company actual has more impact on non-employees than the workers. Retirement funds, pensions plans, individual investors, employees, cities, states, towns, banks, insurance companies all invest in the market and can profit from a well run company. Sears/Kmart workers included. If you are trying to save with just a paycheck and you never invest your money then you will never truly be free from any employer.
Back in my day in a different field, mortgage industry, our CEO would come, no announcement, walk through our entire 3 story building smoking a cigar and talk to each and everyone of us
Take me back to the 80s when CEOs cared about their employees!!
Now the higher ups are greedy from the CEOs to shareholders
We have to have a balance with technology and humans
@1qb "Back in my parent's time, CEOs were down to earth and in some cases, even rolled up their sleeves and briefly worked assembly lines, customer service and other main parts of the company, not only to show that they were in it together but to learn about the inner workings of the company they ran. Now, not so much."
It's so rare these days that there's a TV show about some of the few that do, "Undercover Boss".
I'm sure those stores by his home area are clean and well stocked the majority of the time. I can also imagine that when he visits them it's a dog and pony show. Everything is neat,tidy,and the store is well staffed. Used to be that way when I worked for kmart and the regional mananger was coming. We would hear the word code R (code for the guys name) over the pa system and everyone knew the next few days were going to be long. I remember we had a team of five people stay for 20 hours one day dusting, scraping, scrubbing, spray painting, and straightening. At the end the store looked the best it had in at least 5 years and almost to targets level of cleanliness minus the cracked floors and stained ceiling tiles. I thought to myself why cant it look this way everyday. The regional manager came in for 15 minutes made a few comments about this and that and left. A week later the store was back to its usual self. It was pretty funny.
Hop on a plane? EL doesn't fly.
He tends to visit the handful of stores near his residence in FL. I've been store manager at an A store in a major metropolitan area that's NOT in Florida for over 16 years and I have never seen him. I've never met anyone else face-to-face on the executive team either.
It would be meaningful for both himself and those of us in the trenches to have him hop on a plane and arrive unexpectedly to at least a few random stores around the country to interact with us and see what happens in action.
Back in my parent's time, CEOs were down to earth and in some cases, even rolled up their sleeves and briefly worked assembly lines, customer service and other main parts of the company, not only to show that they were in it together but to learn about the inner workings of the company they ran. Now, not so much.
His family comes into the Miami stores often. He was in the Key Largo store a few weeks ago.