LizzieMaine
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"For justice thunders condemnation..."
Well now. Isn't this interesting.
Eddie Lampert, US Treasury Secretary Mnuchin Named In Sears Asset Theft Suit
I'm surprised that it took this long. I'm not the sharpest knife in the drawer and I saw what was going on there long ago. Employees, retirees and small stockholders should be allowed to whip Eddie to a frazzle with the skinny end of a fishing rod. Sadly that won't happen.
It's a pity Sears doesn't sell Craftsman brand guillotines.
It's a pity Sears doesn't sell Craftsman brand guillotines.
I have some interest in another industry that is theoretically heavily regulated to level the playing field and prevent concentration in too few hands. The main occupation of the agencies involved seems to have been to sit by and watch happen exactly that which they were tasked to prevent. They do seem to stir occasionally to bring the wrath of gooberment upon a hapless small player though. Funny how that seems to be universal.In my role as head of trading at a large financial firm, I've had multiple regulators investigate a few hundred dollars of price movement on a run of tens of thousand of trades totaling in the hundreds of millions of dollars of value (I'm not kidding) and, thought, "really, this is what you spend your time on;" whereas, someone is potentially fleecing billions of dollars from shareholders right out in the open and nothing?
It's been a long time since I've been inside a Sears store. But late last year I was looking for a specific pair of boots for work, and found them on Sears' website with a very good discount on the price. So I ordered them, and a few days later I received the wrong boots in a box labeled with the information for the boots I ordered. Back online, and someone within Sears' organization assisted me and e-mailed me the documents I'd need in order to return the boots. Oh, and they don't have an "exchange" program per se, so I had to order the boots again and wait for Sears to decide to issue a refund for the first pair. When the second pair of boots arrived they were the correct boots...in the wrong size. Back online, more return documents, order the boots a third time and wait for another refund... Anyone else seeing a pattern here? This is one of the reasons Sears is going belly up--they don't know what they're doing.The last time I went to Sears, they rang up my order wrong: I wanted to buy a washer, but they sold me a dryer. I had to go back to the store and wait on a manager to straighten it out...
We ordered a Stearns & Foster mattress from Sears to be delivered to the "farm". A local delivery service managed to drag it through the dirt on the way in which would have voided the warranty. One of the delivery guys commented that they had the same (very expensive) mattress so we figured they end up buying the damaged goods and this might have been part of a plan. We immediately contacted Sears for a replacement and my wife went round and round with them. They would not send another one until we returned the first and said they would send another truck for the pickup. After weeks of failing to do that and my wife being on the phone with layers and layers of management (routed all around the company and even to a store in California at one point) she finally decided to go yell at them in person at the store in Springfield. I went with her and she said that I should go wander around the store as I didn't need to see this all go down. She returned to say that the manager tried to hide when the associate at the desk announced my wife's name. My wife was also not happy with me as I was standing there with a Sears bag in hand (having just purchased a pair of hickory-striped coveralls at 80% off). The end result was a full refund for the mattress and they have never come to pick it back up. I agree with the delivery guy ... it is very comfortable. I'm tempted to go to the going-out-of-business sale, but not sure I would get to use that mattress again afterwards.