Admission that they might not be in business much longer.

What a shame, what a crying shame.

I think we can sum it up like this.........men in denim built this country, men in suits ruined it.

the point I was making was it was men in overalls and jeans, by the sweat of their brow, who made America what it used to be.

Then along came a plethora of freshly minted MBA from Harvard and it was all downhill from there.  hence the men in denim vs the men in suits comparison.

more companies, and ultimately workers, have been 8cked over by educated idiots boasting their freshly minted MBA than you can shake a stick at. 

Nothing inherently wrong with an MBA. But letters after one's name will never be a substitute for good business acumen as well as an appreciation for the very people who make your company.  Along with understanding your market and ultimately, customer.

I've never been a member of the graduate letter club where the more you have after your name, the merrier.  A college degree will never replace common sense. Unfortunately, that seems to be the panacea today, hire an MBA from someplace, better if he/she has an accounting background, and voila! Problem solved.

Not hardly. I've said it before and I'll say it again........the best way to piss your company down the toilet, public or private, union or non-union, is to place a beancounter in charge of things.   And I'll start with Mcnamara trying to run the Vietnam war like he managed Ford, speadsheets and exit strategies galore but not a lick of common sense.

Actually Mcnamara fought against the Edsel, it was Ernest Breech that lobbied HFII for it so as to have 5 divisions to compete against GM's 5 divisions.  For a brief time in the late 50's there was even the Continental division of FoMoCo.

Iacocca got booted because he was a threat to the Ford kingdom.  HFII even said he could not envision Iacocca succeeding him as CEO; it had nothing to do with Lee's performance, money wise, but everything to do with HFII ego and preserving the Ford family legacy.

As for Sears, not even an Iacocca could save it at this point, there's nothing left to save.

 

Agreed.

Well Eddie said he wants to transform Sears into an "asset light" organization.

Looks like that will happen sooner rather than later when the buzzards come a calling.