06-18-2018, 12:13 PM
In a way, it's good that UNC won it the first year. It supports the case that it's plausible someone else could win it, thus helping to maintain its legitimacy. And let's sure hope our Directors Cup streak outlasts Sears's being self-cannibalized from the inside out by its own CEO.
On that note, if anyone hasn't read about what he's doing, it provides a fascinating example of everything wrong with capitalism and our country's contemporary corporate restructuring laws. He's essentially using lawful loopholes to extract all remaining value from Sears (largely for himself) and preparing the empty shell to be sent into bankruptcy at Sears' shareholders' expense. To paraphrase our national trade council director, "there's a special place in hell..."
On that note, if anyone hasn't read about what he's doing, it provides a fascinating example of everything wrong with capitalism and our country's contemporary corporate restructuring laws. He's essentially using lawful loopholes to extract all remaining value from Sears (largely for himself) and preparing the empty shell to be sent into bankruptcy at Sears' shareholders' expense. To paraphrase our national trade council director, "there's a special place in hell..."