The Sears/ESL Investments CEO has chosen to antagonize his former investors rather than his continuing investors, paying out the former’s redemption requests with shares of a company he owns rather than in the cash they wanted, so as to avoid having the latter face a higher tax bill. Unfortunately, there were so many of the former, and he had to give away so many shares, that it is now no longer accurate to say that Lampert owns Sears. He now merely owns most of it.
Who else is looking forward to Sears’ annual meeting? Read more »
As many of you know, in 1988, Lynn Tilton distributed holiday cards whose theme can best be described as “Dominatrix Santa” to her ten best clients. Tilton has explained her rationale for doing so in the past (“For many years I had men asking me on the phone each day what I was wearing and what color my underwear was, so I sent out a Christmas card with me in a red lace sort of teddy, and red cowboy boots and a Santa hat, wishing them a Merry Christmas), and when asked again this week by the Wall Street Journal to explain her thinking, added that: Read more »
“For many years I had men asking me on the phone each day what I was wearing and what color my underwear was,” Tilton said. “And so I sent out a Christmas card with me in a red lace sort of teddy, and red cowboy boots and a Santa hat, wishing them a Merry Christmas.” [ABC, earlier]
It’s not just doctors and scientists that need STEM education. America’s shifting economy is demanding more trained workers in many different sectors. See how Travis Brooks got the hands-on education he needed to become a technician at the Chevron Pascagoula Refinery. Visit The Atlantic to learn more.