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Started By
Message
re: Sears Rejects Lampert Bid, Cue Up the Fat Lady
Posted on 1/8/19 at 9:04 am to LSUFanHouston
Posted on 1/8/19 at 9:04 am to LSUFanHouston
quote:
I don't think Lampert did anything criminal.
He was the CEO of the company and steered it into bankruptcy, then later made a bid to buy it out of bankruptcy at a discount because he wanted its parts. You're going to tell me that's not a little fishy, at the very least? It seems to me that he had ZERO interest in that company surviving.
This post was edited on 1/8/19 at 9:06 am
2
Posted on 1/8/19 at 9:08 am to TigerstuckinMS
So you think Lampert wanted Sears to fail so he could personally benefit?
Posted on 1/8/19 at 9:43 am to TigerstuckinMS
quote:
He was the CEO of the company and steered it into bankruptcy, then later made a bid to buy it out of bankruptcy at a discount because he wanted its parts. You're going to tell me that's not a little fishy, at the very least? It seems to me that he had ZERO interest in that company surviving.
I think he milked it for all it was worth.
But, running a company poorly, and for personal benefit, generally isn't, at least using the last 20 years as a guide, considered enough for a perp walk.
Now, civil liability from pissed off shareholders and debtholders? Absolutely
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