Remember Sears Canada? Eddie was majority owner. When it shut down, Eddie called it "regrettable", but he "could do nothing about it", even though he personally elected the board. “I have never served as a director or officer of Sears Canada, so I don’t have firsthand knowledge of their internal deliberations,” he said, adding that he “did not agree with” the decision to shut the whole thing down.
With Sears Hometown, suddenly he can remove two guys who want to liquidate it and replace them with his own people if it serves his own interests, after he first devalues them by starving them of product. Disgusting human filth.