Remember the long vaunted "transformation" Eddie and Leena lied about for years on end?
Hit the link to see how they have "transformed" your assets and jobs....
https://chicago.curbed.com/2018/5/16/17362108/sears-redevelopment-mixed-use-six-corners
Sigh. A man decided what he wanted to do with a company he owns. This is not exactly newsworthy. He isn't running A Charity, nor does he owe anyone a job. He can close all the stores Tomorrow if he wants. He can turn the stores into strip clubs, or into nursing homes for his mom if he wants. His business, his choice. Now Wake me up when you have actual closings to announce.
Is that predatory lending, i believe that is illegal
" he" and the board he loaded drove the company down cutting labor and products people wanted while severely neglecting the propertys. Nevermind the intentional undoing of quality products.
He then gave himself the rights to buy the property via a loan he knew couldnt be paid back (because see above) selecting properties as collateral for pennies on the dollar.
He didnt buy it. He forced the sale through intentionally overlevereging the company. More like racketeering and theft by swindle of the stockholders.
A positive article about how vacant Sears properties are being transformed into something useful.... it’s a shame how everything regarding Sears has to be spun into something negative