LoTF

Sears is in trouble:

CEO Eddie Lampert, for the uninitiated, brought a hedge-fund-style model of management to Sears. A fan of Ayn Rand and a believer in the free markets, he told division chiefs to run their divisions individualistically, believing that would help boost sales and profits at each unit, according to Bloomberg. Instead, the units started infighting, with one executive telling the publication that it lead to a “warring tribes” environment.

Maybe instead of reading Ayn Rand he should have read Lord of the Flies.

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