https://www.cnbc.com/2018/10/25/sears-future-in-doubt-as-eddie-lampert-looks-for-more-protections.html
So he will put up another $300 million, but only if he is first in the line for the buffet to claim Sears when it fully dies. What a "GREAT" CEO we use to have, right guys?!
Honestly, hope the courts tell him to f--- off.
Eddie ran this company into the ground and he needs to be held accountable. Him and little band of id--ts spent money where it shouldn’t have been. BofA is their credit card company and techs have a gas card and a p card. The waste of gas is amazing as they have districts that send techs between 3 states in a day. Then their p card has a $10,000 limit so really it’s bad that BofA has continued to allow the cards to work.
Eddie is holding a toy gun the loaded gun is in the judges hand. Love the BK judges name.
The only other protections he can get are in chapter 7
He could be the only person deserving to be in an episode of American Green without committing a crime. [I'm not concluding he didn't commit any crimes].
He is already ahead in line from BNY as a secured creditor; and even further ahead (if he is) a DIP lender. BNY loaned SHLD $2.3 billion - unsecured!!
If I were the banks, I'd say 他妈的 it and force liquidation immediately.
But maybe they really are stupid enough to negotiate more with Eddie.
They should liquidate Eddie's private island mansion to pay the creditors.