Eddie Lampert To Draw On Experience Not Relevant To Being CEO Of A Company To Be CEO Of A Company

The hedge fund billionaire will become CEO at the struggling department store chain Sears Holdings Corp, succeeding Lou D’Ambrosio, who headed up the company for around two years. Mr. D’Ambrosio’s departure was influenced by a close family member’s medical condition, people familiar with the matter said…”There’s a very big difference between being a CEO of a company and a shareholder or chairman of a company,” said Mr. Lampert, whose hedge fund ESL Investments Inc. controls 56.2% of Sears shares. But, he said, his longtime board seats at Autozone  and AutoNation have taught him a lot about retailing. [WSJ]

(hidden for your protection)
Show all comments

25 Responses to “Eddie Lampert To Draw On Experience Not Relevant To Being CEO Of A Company To Be CEO Of A Company”

  1. Lowly Assistant says:

    Okay, seriously, what the fuck is he going to saw on that ladder?

  2. Guest says:

    He could start by actually trying to buy something at Sears. I'm convinced you could walk in with a $100 bill taped to your head, a sandwich board that says "please sell me something" and still come out empty handed.

  3. Strong Sell says:

    Eddie Lampert? The guy is the biggest doofus in the business.

  4. sme says:

    come on, he looks right at home in that photo.

    tell me you wouldn't buy a circular saw from a lanky fella wearing a tailored suit in the tool department at Sears?

    "ah yes, sir, I believe we have the part you are looking for right at the top of these here stairs…"

  5. Guest says:

    This is how we chose a captain for maiden voyages.

    -J B Ismay White Star Lines Chairman

  6. BrickaBrack says:

    I love Lamp…..ert.

  7. Dan Loeb says:

    My advice – switch to selling natural supplements

  8. Nervous Jew says:

    The circular saw, drill bits and his cold dead eyes make me very nervous.

  9. Sears Tower says:

    They hired a gay guy?

  10. PermaGuestII says:

    "I watched Matlock in a bar last night; the sound was off but I think I caught the gist of it."

  11. Guest says:

    Sounds like Eddie stayed at a Holiday Inn Express last night.

  12. Wild MAN says:

    I'm gonna love watching him and his giant ego trying to make a horse race out of it.

  13. Broni says:

    He's so cute I could just kidnap him!

  14. Louis Winthorpe III says:

    I don't think he could look more Patrick Bateman-esque in a legitimate, publicly-released corporate photo if he tried.

  15. sohbet says:

    telling these little stories, here's a good idea: Have a point. It makes it so much more interesting for the listener.

  16. sohbet says:

    officers to investigate Blackstone's fishy financial transactions, but they wound up giving them