There is no removing Eddie from Sears anymore

In 2 weeks (if it goes thru) he will own NO shares of the company. So there's no shares or bonds of his to sell. No board to direct him or remove him. No shareholders. Nothing. He owns it completely just like you own a pair of shoes. Nobody can do anything about the decisions he makes. Those days are over (not that they ever really existed since he owned >50%. Now he owns 100%. No banks own anything. They loan him money but they have no say in anything unless he defaults on loans.

The days of removing him are gone. Just like your neighbors can't remove you from your house because they don't like which bedroom you choose to sleep in.

Sadly, very true post by @Xdd1pgm-1zvb.

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Yea, every business has shares, but if there is only one owner, then there is technically only one share.

Even if you own a 100% share it's still a share. Sounds like lack of business sense runs in the family.

My uncle owns a local food retail store. He owns it himself. Therefore its private. I asked him if there are shares. He said No. So not all private companies have shares. If Eddie owns the new company, he can issue himself a piece of paper that says he owns it all, in case he is confused or in case you need to feel better about it.

Private companies still have shares you know

If that's the case, then no one to blame for the success or failure of the new Sears, but Eddie.

Customers will be voting with their pocketbooks, and employee's (voting) with their willingness to comply with the new regime or if not, leaving for greener pastures.

Thread regarding Sears layoffs

There is no removing Eddie from Sears anymore

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