GE CEO was on the job less than a year, screwed up big time and they whacked him from his job right away. But when Sears CEO is bankrupting a company for the last decade he still enjoying going to work twenty steps from his bedroom and on an exclusive island. Life is good for Eddie.
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It is always good to be the top dog.
He is also the majority shareholder, which means he owns the majority of the company. If the company goes bankrupt, then the ownership reverts to the majority debtholder, which is him as well. He is going to be owner regardless of what happens. It was all done by design.