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Not all things the rich guys do are even close to noble
Jim, You missed the 1.4 Billion in your math and that income is realized by serial asset stripping.
All that said if they, at an earlier point in time had made the right moves and not insisted that their business model was good because it always had been, they could have been Amazon. Pun intended
They had a great brand.
Sears Holdings announced on January 16, 2019 that Lampert (through his hedge fund, ESL Investents) had won the bankruptcy auction, allowing the company to remain open.[47] On January 24, a group of unsecured creditors, that included Simon Property Group, filed a motion with the bankruptcy court to overturn the deal Sears Holdings had just made with Lampert claiming that Lampert had been "engaged in serial asset stripping" of the company at the expense of suppliers and landlords. The creditors want the bankruptcy court to force the company to liquidate instead.[48] On January 28, the federal government operated Pension Benefit Guaranty Corporation announced that they were not in favor with the current Sears Holding agreement with Lampert since that agreement would create a $1.7 billion funding gap in the employee pension fund that would require the American tax payers to cover the shortfall.[49] The same federal agency also accused "Lampert of structuring the deal to inappropriately obtain ownership of the chain's Kenmore appliance brand and the Diehard tools brand."[50]
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