Sears Holdings (SHLD) Chairman Eddie Lampert has decided to move the company one step closer to a Berkshire Hathaway model, according to a story by the Wall Street Journal yesterday. The new holding company structure will split up Sears into as many as three dozen separate businesses, each with its own operating executive. The move is seen as an admittance that the current structure was not working to boost the company’s retailing operations, and therefore focusing on each aspect of the company’s assets individually will allow for greater control and change. This is similar to the Buffett mode[...]
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[Source: The Money Blogs]
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