Smaller But WiserJulia Flynn
To shareholders, Sears, Roebuck & Co.'s grand vision of a "Great American Company" has been something less than a spectacular success. But hardly anyone expected the end to come quite so quickly. After a brutal annual meeting in April, Sears asked its bankers to look at a possible restructuring. Instead, after a nine-hour session at Chicago's Park Hyatt hotel on Sept. 28, the company's board of directors unanimously voted to break up the $56 billion megalith.
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