Christian Soschner (24K+ audience of investors & execs) pulls Eric's Sears line: 'It was taken over by a parasite'

Christian Soschner — C-Level Executive, Advisory Board Member, Board Director; deep-tech and biopharma operator with 24K+ followers of investors and executives — uses Incorruptible to reframe the Sears collapse. Not disruption. Extraction: 'It has a name attached, a board that approved it, and a legal theory that called it a duty to shareholders.' Ends by inviting his audience to apply the same test to their own industry.

“Ask why Sears died and almost everyone answers Amazon. Eric Ries, who wrote The Lean Startup, tells it differently. Disruption was the final illness, and the disease had arrived years earlier. "It was taken over by a parasite. Somebody took over Sears and managed to extract for himself $1.5 billion at a time when the company lost $11 billion." More than a century of American retail, and the last chapter went to a man who did better out of it than the company did.” — Christian Soschner on LinkedIn, quoting Eric Ries