Insanity defined: Doing the same thing over and over and each time expecting a different result. In order for Sears to transform/reorg into a new company, and have any chance at success, we need a whole different management team, and EL needs to not be a part of it. Would you invest your own hard earned dollars into this 'new' Sears if EL is still in charge? I wouldn't. He has had 14 years to change things and he hasn't (since the merger in 2005). I don't want to see 50,000 people lose their jobs but the cold hard fact is Sears hasn't turned a profit in at least 5 or 6 years. Lord & Taylor just announced some closings, and they have nice stores, we all know about Carson's, etc... it's unlikely Sears is going to survive.
Think that @WWJ7131-1ejc is 100% right. Good post!