The last Sears store in its home state will close

Eddie Lampert, corporate murderer, has managed to drive his once-great company out if its home state:

Sears' last Illinois location, at Woodfield Mall in Schaumburg, is set to close in November.

The Hoffman Estates-based retailer’s parent company, Transformco, announced the decision today.

"This is part of the company's strategy to unlock the value of the real estate and pursue the highest and best use for the benefit of the local community," the company said in a statement.

Ah, yes, because under the sociopathic, finance-driven Lampert, Sears is nothing more than a series of cash flows. It has no people, no history, no relevance, no value to him, other than money.

Obviously Lampert isn't unique. Venkatesh Rao wrote a magnificent description of modern corporate thinking in 2009 based on the TV series The Office. Sears just inhabits the end stage of the "MacLeod Life Cycle," as Rao describes it. But it's a particularly tragic example.