While I agree that some of these companies may not be around in the near future, most have the same problem that he failed to point out.  All of these companies cut costs by firing their employees, closing stores, and selling off assets to pay the bills.  What do you do when all of these are gone ?  If you want to stay in business you need to make the customer happy..........botto​m line; and you are not going to do that with unhappy, untrained staff that are wondering if they are even going to have a job tomorrow.  I once read a business article concerning Costco.  The "experts" rated it a "B+"; saying that they would have given it an "A", but the owner pays his employees too much money.  His response was "they are the ones that got me here, why should I not reward them ?"  This is a problem MANY American-run businesses have.  When the "bean counters" are running the company and they try to save a penny here, and a penny there, (and it usually comes at the expense of the employee), customer service goes down and your days are numbered.  While greed may be good, it is also very short-sighted.  

could careless about radio shack way overpriced ,and when they asked me for my social security number that was it

I can already tell this article is full of ****, from a bitter investor. Listen here you **** investment bankers, you need to take a long walk off a short pier. You are the reason for the recession and you are the reason that china is stealing technologies from other companies.

You have changed the corporate environment from selling goods and services to consumers with pride, to telling them to bend over and grab your ankles for the stockholders.

My mother worked for S. S. Kresges back in the 50s.   She worked in the jewery and perfume departments.   She had to wear a nice dress and be presentable at all times.   It was a very good place to work.    We purchased almost all of our goods in the 70s from Sears.   Now with Lampert, he is just inriching himself without caring for the companies he holds.   K-mart was closed in our town due to no one working there and those that did wouldn't even smile.  Apparently they had nothing to smile about.   Good bye Sears and K-mart.   You will be remembered for what you were, not for what you became.

well the mexicans are taking over california,  and china owns american because of all the money we owe them, and the pooor man/women who works in america supports the system.

worked for radio shack in my early 20's....worst people EVER....rude,threate​ning,always negative...for what?...minimum wage ...when they switched their product line to cell phones i laughed knowing they'd soon be gone....i remember a day the "manager" fired all 6 of us ...the next day the district creep fired the manager...the 6 were all very good people and i'm happy to say 4 of us own our companies which will outlast swine shack