I remember this story but I can't remember the specifics and my queries to google have maximum SEO keywords. So if someone remembers and can fill in my blanks please and thank you.
There was this CEO who was brought onto a failing US retail company. His big idea to save the company was to foster internal competition. His logic was if the free market was the most efficient way to structure a society then doing that internally in a company would make it more efficient. The company cratered for entirely predictable reasons.
Who was the CEO who was the company? Am I completely making this up?
Eddy Lampert at Sears
tfw when there's no :thank-you: in the sicko shop
:sicko-wholesome:
personally I'm just mad there's no sicko emoji with the full upper body and window here
sometimes you want the classics :sicko-wistful:
I'm thin on details, but I believe the con all along was transfer the holdings of sears to a private entity controlled by whoever was doing the husking, and then collapse sears such that it's assets would all be reaped and held by the private entity. Basically moving all the assets of the public corporation into the private holding of the person running the public corporation into the ground.
From a certain point of view, its brilliant.
Enlightened self interest works, if the goal is to destroy everything so one or two assholes loot the remains.
This was the case for sure with Toys R Us. Vulture capital firm bought it and stood to profit from it's demise way more than it's success, stripped it for parts and then had media stories published about how no one wants to but toys irl anymore and how they were getting undercut by online sales.
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I mean “drinking the Kool aid” already refers to poisoning yourself tho
I'm fascinated by self Kool-Aid drinkers who destroy themselves with it, like that "biohacker" CEO who was found dead in a sensory deprivation tank at 28
Steve Jobs. "Smarest man in the world", dies of an easily treatable cancer because he was too smart for cancer treatment.
I mean it was pancreatic cancer. It was one if the more treatable forms if it, so yeah he's a dipshit for not getting treatment, but let's also not pretend it was a less serious firm of cancer.
GEP-NET has a 97% survival rate with treatment. It's still cancer, but it's genuinely one of the most survivable cancers.
Really??? Wow, he really was a dipshit then.
Literally all he would have had to do was not lie about it and do alternative medicine shit for five years and just get the damn transplant after the Whipple procedure didn't work, but also the only reason the Whipple didn't work is because he spent like 9 months doing the exact same alternative medicine shit instead.
Dude literally spent 9 months doing fake shit before giving in and getting the surgery because the woowoo didn't do anything. Then when the surgery failed because of the woowoo, he spent another 5 years doing the exact same shit before giving up and getting a transplant and then decided to do the exact same woowoo again instead of the post-operative treatments and died.
Dude just hated not dying from a form of cancer with a higher survival rate than being in a car.
See I knew it wasn't the "you're dead" pancreatic cancer, but I didn't know the survival rate and assumed it was like 50/50. That's fucking wild... so glad we have these brain geniuses ruling over us as God kings.
Lol
I kinda want to do a podcast episode about Sears because the story is just so insane, but it's only tangentially related to cars. I guess Sears did briefly sell cars in the '50s: https://en.wikipedia.org/wiki/Allstate_(automobile)
It's just amazing to think what may had been. Sears was like the largest catalog retailer in the world. Internet comes along and they double down on physical locations, and dropping their giant catalog. Just stubborn. Imagine if they had transfered their catalog to the internet? They could be running shit.