We have a C.E.O who blames everyone except himself. He sit up here and tell bold face lies. He cut corners,jobs,and anything else to make it seem like he's all about the company. Truth is he is all about the real estate. He could care less about this company because when it doesn't file for bankruptcy he is first in line to collect money and/or real estate. With the real estate he can rent it out for 3x the amount "Sears" is paying him. It's more money in his pocket than to keep dishing out for a retail company you never really wanted. He just have to play the game for another 6 weeks. He kept the company going just to protect himself from any lawsuits. Put yourself in his shoes for a minute. Front a company some money in return you get their property. That company pay you $25,000 for rent. You kick that company out and charge another company $75,000 in rent for the same space. Which one makes more business sense ? The writing is on the wall folks
3 replies (most recent on top)
The vintage cash registers in the store might be worth more than all of the merchandise
I went into a kmart the other day....talk about a blast from the past with the old cash registers.
If you feel that way, then you are right the writing is on the wall for you. You cant assume everyone feels the same way you do.