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re: Sears Rejects Lampert Bid, Cue Up the Fat Lady

Posted on 1/8/19 at 11:25 am to
Posted by cajunangelle
Member since Oct 2012
150689 posts
Posted on 1/8/19 at 11:25 am to
Why did they allow him to do this?
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37857 posts
Posted on 1/8/19 at 11:37 am to
quote:

Why did they allow him to do this?


By "they" I assume you mean the board, and the answer is that he was the CEO and chair of the board and the board was packed with his cronies.

Just like many, many other large public corporations.
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