Ron inherited SPLS with a $16.7b market cap. He drove it down to a sub $6b market cap by missing the e-commerce play and focusing his ego on being a global CEO. His international aspiration lost more than $100m per year. Ron is to blame for SPLS demise.
Sulentic became chairman and wasted zero time in getting SPLS to auction. You've got to wonder if CBRE has any interest in SPLS real estate? Hummm.
I agree that Shira is not pure as the driven snow but all signs point to this being a Sulentic deal to cash out and sell out SPLS associates.
As soon as the ink is dry NAR retail will be sold off to bring cash to Sycamore.
This is a sad day for all SPLS associates.
July 1st is coming, will we get our restricted stock grants Regis?
Yeah, not so much.
Wear black on Fridays.