When you throw Sears into the conversation, you have to look at what led Sears to the situation it's in now. Let me fill in the blanks:
1) K Mart went into bankruptcy protection due to mismanagement and overexpansion
2) K Mart was able to somehow aquire Sears as it came out of it's bankruptcy
3) Somehow, the K Mart CEO was able to keep his position in the merged corporation
4) Somehow, the K Mart CEO was able to keep his job, even though he oversaw the company again start to fail
5) Somehow, the K Mart CEO was able to keep his job while shutting down stores under both brand names while not keeping product on the store shelves or do any maintenance on the stores. Many of the stores are literally falling apart
6) When the two chains merged in 2005, the total chain was 3500 stores
7) Somehow the K Mart CEO was able to keep his job, even though he's put the corporation back under bankruptcy protection
8)
Despite its struggles, Sears CEO gets raise. Sears CEO Eddie Lampert only gets a salary of $1 a year to run the troubled retailer. But he does get a stock bonus, and for 2017 that bonus increased by $850,000, giving him a 24% raise
9) Since 2005, the chain has gone from 3500 stores to 2000 in 2013 to 866 as of September 13, 2018
10)
On October 15, 2018, Lampert stepped down as CEO of Sears Holdings, while remaining Chairman of the Board, as part of Sears Holdings bankruptcy actions. On December 6, 2018 Lampert, through his company ESL Investments, offered to buy all of Sears for $4.6 billion dollars in cash and stock.[18] The offer would be financed by $950 million in added debt,[18] but no additional cash.[19] Five hundred stores remain in operation; the remainder are in liquidation
Does this sound familiar at all?