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>> SEARS Latest News

JUL 11, 2013 - Business Insider

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Billionaire Eddie Lampert Is Running Sears Like The Coliseum, And It's A Disaster

Five years ago, Sears Chairman Eddie Lampert broke the company into 30 plus autonomous businesses, each with its own president, chief marketing officer, board, and separately measured profit and loss. His idea was to harness the power of the free market, and to produce better and deeper data than anyone else. But the radical restructuring went horribly wrong, as divisions engaged in cutthroat competition against each other, reports Mina Kimes at Bloomberg Businessweek. Some highlights from her report: In order for a division to get help from the IT or HR departments, it had to ... Read More

Tags: Billionaire Eddie Lampert Is Running Sears Like The Coliseum, And It's A Disaster,  Sears Latest News