Eddie Lampert

  • billackmanpershingsquare (2)

    News

    Bill Ackman Pretty Sure BillAckman.com Seriously Overvalued

    By day, Jeff Klaips manages a construction clean-up company in a Chicago suburb, but he’s also looking to make a pretty penny from the sale of BillAckman.com and WilliamAckman.com. He’s been trying to pique the interest of the Pershing Square Capital Management founder-or someone who’d like to use his name. Klaips already made a profit […]

    / Jul 11, 2014 at 4:34 PM
  • Hedge Funds

    There Are 7.42 Million New Votes Against Eddie Lampert As Sears Chairman

    The Sears/ESL Investments CEO has chosen to antagonize his former investors rather than his continuing investors, paying out the former’s redemption requests with shares of a company he owns rather than in the cash they wanted, so as to avoid having the latter face a higher tax bill. Unfortunately, there were so many of the […]

    / Dec 4, 2013 at 3:27 PM
  • Hedge Funds

    Eddie Lampert: Investor-Relations Wiz Kid

    Curious about that surge in AutoNation trading volume this week? Well, I’m going to venture a theory, anyway: It may have something to do with ESL Investments’ continuing campaign to teach redeeming shareholders to be careful what they wish for.

    / Jun 14, 2013 at 2:34 PM
  • davidtepper

    News

    David Tepper’s Lucky Brass Balls Worked Overtime In ’12

    Overtime that was not for naught! Thanks to labor laws protecting LBBs, Tepper took home $2.2 billion last year. Other people who made some money in 2012:

    / Apr 15, 2013 at 3:31 PM
  • eddielampert

    News

    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 […]

    / Jan 9, 2013 at 12:29 PM
  • News

    Eddie Lampert Bids Greenwich Adieu

    Eddie Lampert is relocating ESL Investments to Miami, according to a regulatory filing today. The move follow his purchase earlier this year of a seven-bedroom mansion in Florida’s Biscayne Bay for almost $40 million. ESL President William Crowley will not make the move “for personal reasons,” according to a spokesman for ESL. [Bloomberg Brief]

    / Jun 12, 2012 at 12:48 PM
  • david-tepper_281025s-260x177

    News

    When Lucky Brass Balls Fail

    “Of the top 25 earners of 2010, 15 did not make this year’s list [of highest paid hedge fund managers]. Among them: Appaloosa’s David Tepper, whose Palomino fund fell 3.33 percent, and Edward Lampert of ESL Partners, which plunged 12 percent on big losses from Sears Holdings. Mr. Tepper did not respond to requests for […]

    / Mar 30, 2012 at 2:37 PM
  • Hedge Funds, News

    Tech Venture Capital Community Views Hedge Fund Money As Impatient, Unsupportive, Scary, Devil-Esque

    As those of you’ve been paying very careful attention may have noticed, Wall Street is pretty into tech these days. Morgan Stanley is underwriting every single IPO available, Goldman Sachs has money in Mark Zuckerberg’s poking machine and LinkedIn is making Jim Cramer’s head explode. Hedge funds, however, want more. While Peter Thiel famously invested […]

    / Jul 12, 2011 at 10:47 AM
  • News

    Highest Paid Hedge Fund Managers Slipped In 2010

    10. Paul Tudor Jones (Tudor Investment Corp): 440 million 9. George Soros (Soros Fund Management): 450 million 8. Bruce Kovner (Caxton Associates): 640 million 7. Carl Icahn (Icahn Management): 900 million 6. Eddie Lampert (ESL Investments): 1.1 billion 5. Steve Cohen (SAC Capital): 1.3 billion 4. David Tepper: 2.2 billion 3. Jim Simons (Renaissance Technologies): […]

    / Apr 1, 2011 at 10:22 AM
  • News

    Unfounded Rumor Of The Morning: Trouble In Lampert-Ville?

    From the mailbag: Word is there’s some strange stuff going down on Mr. ESL’s watch. Five high up people have left just to go to Bloomberg alone in the past few months. He has in his head what a unit’s numbers should be, and if they come in better or worse he tells the unit […]

    / Aug 23, 2010 at 11:20 AM
  • News

    Eddie Lampert Takes 15 Percent Beating This Month

    Last week, we told you about certain Tiger Cubs that were having a rough go of it this month. Today, we get some updated numbers thanks to Hedge Fund Alert. Eddie Lampert is taking a beating, off 15 percent this month.

    / May 26, 2010 at 2:39 PM
  • News

    Lampert and Ackman Part Ways in Cheap Department Store

    Bill Ackman has finally persuaded his fellow hedgie Eddie Lampert to buy him out of Sears Canada for nearly double what he last offered. Bill has been calling Eddie a cheap SOB for over four years. In 2006, Ackman successfully blocked Lampert’s attempt to buy his stake in Sears Canada on the cheap. At the […]

    / Apr 23, 2010 at 10:05 AM
  • Communiqués, News

    Eddie Lampert Reads

    ESL founder and Sears Chairman Eddie Lampert released his annual letter to shareholders yesterday, in which he unloaded a year’s worth of angst. First, the rating agencies. While Eddie understands that they sometimes err on the side of caution, he just doesn’t agree “with all of the critical qualitative conclusions.” Next, business leaders, regulators, public […]

    / Feb 24, 2010 at 5:08 PM
  • News

    The Taller They Are….

    Economic upheavals often end up shuffling around a lot of names. One stadium sponsor slips beneath the dark, frigid waves, another brands its logo on the same spot without a second thought. One endorsement drops off, another endorsement steps up (but for a lot less dough). The tallest building in North America starts to see […]

    / Mar 12, 2009 at 3:31 PM

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