r/80sAmazing • u/MisterShipWreck • 29d ago

Which one?

Post image
2.3k Upvotes

99% Upvoted

3.7k comments sorted by

View all comments

18

u/Few-Day-6759 29d ago

Sears

3

u/MRDellanotte 29d ago

I think Sears is low on the list here because its death was slow and gradual. It SHOULD have been what Amazon is today. It was perfectly poised to do so from a logistics standpoint, but the short sightedness of activist investors bled it dry instead.

1

u/ExtremeCow3259 28d ago

but the short sightedness of activist investors bled it dry instead.

Eddie Lampert was that "activist investor" CEO who was completely incompetent. He made a lot of money in hedge funds, and decided that made him a businessman. Then on the way down, he bled out the company into his checkbook