Sears Holdings Corp. (fka SHLDQ)

[56Chevy]

Yes. Good article. It lays out why EL has no problem sacrificing his SHLDQ stake. He used a boatload of SHLD stock (much of it he paid nothing for) in order to get at $2billion in tax incentives which have the potential to return far more to him than his SHLDQ stock ever did. Some have argued this is what Eddie planned to do to Sears at least a decade ago...and I completely agree. It was never about Sears legacy of selling clothes, refrigerators and tools...it was about control, real estate and tax advantages.

"...Sears' bankruptcy reorganization is set up in a way that will allow Lampert, a hedge-fund operator who is Sears' principal creditor and its former controlling shareholder, to save about $2 billion of income taxes".

When it comes to Sears Eddie is the poster boy and epitome of what it means to be an "Insider".