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Reality Ensues.

POSTED BY: FREMDFIRMA
UPDATED: Friday, December 13, 2013 17:36
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Thursday, December 12, 2013 2:55 PM

FREMDFIRMA





The Ayn Rand-Worshipping Sears CEO That Blew Up His Multibillion Dollar Empire
http://www.alternet.org/economy/eddie-lampert-and-ayn-rand?paging=off&
amp;current_page=1

Quote:

Fast-forward to 2013: The fairy tale has become a nightmare.

Lampert is now known as one of the worst CEOs in America — the man who flushed Sears down the toilet with his demented management style and harebrained approach to retail. Sears stock is tanking. His hedge fun is down 40 percent, and the business press has turned from praising Lampert’s genius to watching gleefully as his ship sinks. Investors are running from “Crazy Eddie” like the plague.

That’s what happens when Ayn Rand is the basis for your business plan.

Crazy Eddie has been one of America’s most vocal advocates of discredited free-market economics, so obsessed with Ayn Rand he could rattle off memorized passages of her novels. As Mina Kimes explained in a fascinating profile in Bloomberg Businessweek, Lampert took the myth that humans perform best when acting selfishly as gospel, pitting Sears company managers against each other in a kind of Lord of the Flies death match. This, he believed, would cause them to act rationally and boost performance.

If you think that sounds batshit crazy, congratulations. You understand more than most of America’s business school graduates.


Of course, that's what you get for taking advice from a demented, hypocritical serial-killer groupie with a tenous at best grip on reality.

-Frem

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Thursday, December 12, 2013 3:11 PM

AGENTROUKA


I love that picture. It just... works so well.


And yeah, Ayn Rand. *shakes head* I'm always particularly confused when devout Christians like her because she's like the anti-Jesus.

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Friday, December 13, 2013 1:22 PM

SIGNYM

I believe in solving problems, not sharing them.


A most excellent skewering! I saw this elsewhere and sent it to my friends via email under the subject line, The Invisible Hand Waves Goodbye to Eddie Lampert- and Ayn Rand. and I hope our reichwing friends here on the board respond.

And... well... yeah- that's what happens when you take a loony-tune like Ayn Rand seriously, and base your management style on her brand of fiction.

[/snicker!]

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Friday, December 13, 2013 5:36 PM

OONJERAH


Quote:

Originally posted by AgentRouka:
I love that picture. It just... works so well.

And yeah, Ayn Rand. *shakes head* I'm always particularly confused when devout Christians like her because she's like the anti-Jesus.



She's anti the Jesus that I was taught. But as for newer, younger
"Christians," many have never heard of the Golden Rule.

Plus for those Christians who only read and quote from the Olde
Testament, it's easy to be judgemental and greedy.

My older sis went thru a long time of worshipping at Ayn's feet. But
it suited her.


====================== :>
The further a society drifts from truth the more it will hate those who speak it. ~George Orwell

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