Wall Street will never have the courage to admit why Eddie Lampert failed
BusinessWeek
- Eddie Lampert failed at turning Sears around because the entire premise of his approach to the retailer is flawed.
- Activist investors like him are the purest expression of shareholder primacy, the idea that shareholders are the most important part of a company and the only people companies have a responsibility toward.
- This philosophy often puts shareholders in conflict with customers and employees — and that can mean game over.
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