Kmart organization
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Related entities (most co-mentioned)
Eddie Lampertperson · 4Searsorganization · 3Sears Holdingsorganization · 2Steve Mnuchinperson · 2Skull and Bonesorganization · 1TLC Investmentsorganization · 1Yale Universityorganization · 1Bernie Madoffperson · 1
Claims (2)
Sears merged_with
Kmart host_asserted
“In 2016, he held 28% of the Sears Holden Corp, which is worth about $408 million. They had just merged with Kmart, which was coming out of bankruptcy. So they had the two together and Sears Holden Corp. In 2017, he commits to provide an add…”
▶ Shadow State 45 Secret Societies 28 Hedge Fund Guys @ 10:03
Steve Mnuchin member_of
Kmart host_asserted
“um picks to basically run this media company one of the two very successful media company too i might add yeah yeah it's it's a crazy story yeah all right so back into this business is uh minutia would then serve on the board of directors o…”
▶ Shadow State 45 Secret Societies 28 Hedge Fund Guys @ 33:57
Mentions (5)
▶ 3:59
Sorry about this, everyone. I usually have my screen shares better prepared. There's Eddie Lampert. And you can see he is sitting in front of a Sears and Kmart banner. And we're going to get to that story because it's significant. That's Ed…
▶ 10:03
In 2016, he held 28% of the Sears Holden Corp, which is worth about $408 million. They had just merged with Kmart, which was coming out of bankruptcy. So they had the two together and Sears Holden Corp. In 2017, he commits to provide an add…
▶ 10:36
And during his tenure as a CEO, Sears lost about half its value and closed about half its stores. So this is just 10 years ago. So he steps down as the CEO in 2018, but remains the chairman. In 2018, ESL, his hedge fund, offers to buy all t…
▶ 33:57
um picks to basically run this media company one of the two very successful media company too i might add yeah yeah it's it's a crazy story yeah all right so back into this business is uh minutia would then serve on the board of directors o…
▶ 34:27
Kmart merges with Sears to form Sears Holdings. Sears Holdings becomes bankrupt in 2018. The company's estate, which means the remaining shareholders that got screwed, sued both Lampert and Mnuchin for asset stripping, and there was a $175 …