Hedge fund a-hole, Eddie Lampert continuing his destruction of iconic American brand, Sears.

This hedge fund moron, Eddie Lampert, like so many others, systematically destroyed an iconic American brand, Sears. Now he's looking to dump some of its prized and most recognized brands and assets: Kenmore Appliances and Craftsman Tools.

Lampert is psycho Ayn Rand follower. It's said that his management style for Sears, where he is CEO, is to pit the company's operating units against each another. This is how he felt the business would benefit. Not by cooperation. Not by combining talents and strengths, but rather, by canabalizing each others' businesses and profits.

Can you imagine if the military was run this way? Army against Navy. Marines against the Air Force?

Sad, but it's just another example of sick, entitled, clueless gambler with lots of money allowed to run amok and leave destruction everywhere he goes. Like they all do.

Peter Turchin — Another Victim of Ayn Rand’s Corrosive Objectivism: Sears

The story of the rise and fall of Eddie Lampert.

Cliodynamica — A Blog about the Evolution of Civilizations
Another Victim of Ayn Rand’s Corrosive Objectivism: Sears
Peter Turchin | Professor in the Department of Ecology and Evolutionary Biology at the University of Connecticut, Research Associate in the School of Anthropology, University of Oxford, and Vice-President of the Evolution Institute

Another good company about to be wrecked by a hedge fund

Another good company is about to be trashed by a hedge fund. Cerberus Capital has agreed to acquire Safeway Supermarkets and we know what that means: you'll see workers fired, assets sold, investment in the operating company curtailed...in other words, the company will be driven to shit, all so a bunch of hedge fund partners can make their billions.

Remember what happened to American retailing icon, Sears, after Ayn-Rand-following "Bozo" Eddie Lampert took over? The company is a disaster.

Cerberus plans to merge Safeway with another supermarket giant, Albertson's. Here's what Bob Miller, CEO of Albertson's had to say:

“Working together will enable us to create cost savings that translate into price reductions for our customers,” Bob Miller, Albertsons’ chief executive, said in a statement.

"Cost reductions" is a euphemism for job cuts. And don't think those "reductions" will be passed along to consumers because they won't...they'll go to bottom line profits that will line the pockets of the guys at Cerberus.

#Hedgefundsdestroyingtheeconomy

The "Japan is going to have a debt crisis" man, Kyle Bass, now taking a position in JC Penney

Bill Ackman is out, after his disastrous foray into JC Penney (and before that, Herbalife) where he took major losses and contributed nothing of value or fresh perspective to the embattled retailer.

So now a new group of clueless hedge fund morons comes in, this time headed by none other than "Japan is going to experience a debt collapse," Kyle Bass. Bass has been putting on quite the dummy show in the past ten months telling everyone who would listen (mostly CNBC) that Japan won't be able to find enough "external funding" to pay its debts (which are in yen and which, last time I checked, are created solely by the Japanese government).

I guess Bass has now decided to focus his Einstein-like intellect on the retail sector and, seriously, that ought to be fun to watch.

I'm wondering if Bass might decide to take some cues from a fellow "genius" hedge funder, Eddie Lampert, you know, the Libertarian, Ayn Rand espousing, CEO of Sears Holdings (Sears, K-Mart), the American retailing icon that he has been phenomenally successful in destroying?

Line 'em up, folks. Whether we're talking about Bass or Lampert or Ackman or Paulson or Cohen or even Jamie Dimon and Goldman, this is what American capitalism has devolved into. A bunch of privileged, whiny, egotistical, arrogant, sociopathic jerks playing casino games with vast amounts of chips who leave a path of destruction in their wake everyhwhere they go that the rest of America has to swim through.

How an Ayn Rand following hedge fund moron killed an American retail icon

Eddie Lampert is yet another hedge fund moron with an Ayn Rand fetish who's doing a great job in killing Sears, an American retailing icon.

Lampert is running Sears the "objectivist" way, perhaps as Ayn Rand herself would have loved, where his approach is to destroy cooperation and pit managers against managers and pit whole divisions against whole divisions creating a vicious, survive-at-the-expense-of-everyone-else mentality.

Maybe this will be a lesson to all the deluded Ayn Rand devotees who blindly and ignorantly worship her sociopathic rantings.

The fact is, there can be no progress, no advancement, no peace, no harmony, no broad prosperity, without cooperation and without human behavior that is in DIRECT OPPOSITION TO THAT WHICH IS ESPOUSED BY THE SOCIOPATH, RAND.

That is why there is not a single prosperous, free, democratic country on the face of the earth that sports Rand's objectivism as its model. And, furthermore, the most civilized, democratic and prosperous countries ALL have high levels of Socialism, Scandinavia being a good example.

Anyway, read the story of Lampert's destruction, it's over at Alternet.

By the way...you'll really get a kick out of this: where did Lampert pick up all his masterful "high finance" experience? Well, over at Goldman Sachs, of course, where he worked directly with none other than Robert Rubin, who built a mighty career for himself by destroying everything he touched, except his own personal fortunes.

Our entire economy--no, our entire nation, is infested with these cockroaches.

Makes me want to vomit. Seriously.

David Atkins — How an Ayn Rand-Loving Libertarian Destroyed The Company He Runs With His Cultish Objectivist Theories

How Eddie Lampert blew up Sears by introducing internal competition instead of cooperation.

AlterNet
How an Ayn Rand-Loving Libertarian Destroyed The Company He Runs With His Cultish Objectivist Theories
David Atkins | Hullaballoo