I would tend to agree with this. It's not shareholder greed.
I think it's mismanagement. I think the guy correctly saw the landscape was changing for retailers like this & wanted to move the company in a different direction. Unfortunately, he had a REALLY REALLY BAD IDEA what that direction should be. He's hedged his bets but ultimately when Sears files he will have thrown plenty of good money after bad & he'll get in line with the rest of the creditors.

Also, the article talks about Shop Your Way. Its a fiasco. It's confusing, prob not a draw to anyone & the employees cant explain it or administer it.