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?
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.