The Chicago White Sox is major league baseball's worst team with 121 losses this season, breaking the record held by the 1962 New York Mets, but Michael Peregrine, a partner with the law firm McDermott Will & Emery, writes that the new record holds leadership lessons on effective oversight, business model management, adaptability and protecting stakeholders. "The White Sox' collapse has not only affected the players and the fans, but also the vendors and service employees around the ballpark whose livelihood depends upon healthy fan support," Peregrine writes.