Wall Street will never have the courage to admit why Eddie Lampert failed

Eddie Lampert failed at turning Sears around because the premise of his approach was flawed.
Activist investors like him are the purest expression of shareholder primacy, the idea that shareholders are the most important part of a company and the only people companies have a responsibility toward.
This philosophy often puts shareholders in conflict with customers and employees — and that can mean game over.
It would be nice if Wall Street could have an honest discussion about why Eddie Lam