The Galt and the Lamers, Lord of the Flies Dept. 0
A true believer tries to bring Ayn Rand’s objectivism to life in managing Sears and Kmart, with results easily predicted by anyone who is not in the spell of Ayn Rand.
It seems to have been, indeed, a searing failure.
A nugget, from MarketWatch:
Instead, the divisions turned against each other—and Sears and Kmart, the overarching brands, suffered. Interviews with more than 40 former executives, many of whom sat at the highest levels of the company, paint a picture of a business that’s ravaged by infighting as its divisions battle over fewer resources.
Do read the rest.
