re: #248 The Vicious Babushka

Sears was destroyed by its own CEO, an Ayn Rand loving hedge fund manager.

I read an article, and I need to relocate it, suggesting that Sears had almost all the necessary resources to put the Sears catalog online and beat Amazon to the punch — or at least challenge Amazon early in its post-bookstore days — except the willingness and foresight to adapt quickly to the times. Instead, it remained committed to the brick-and-mortar concept even as more agile companies went digital. Plus, as you say, the Sears CEO was a complete idiot and sabotaged his own managers’ expertise by pitting them against each other.

I’d argue that Kmart acquiring Sears was a dumb move, too, seeing as Kmart was losing money even before it bought Sears.