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]
Eddie Lampert Pulls $100 Million Out Of Fire, Throws It Back In
The heat generated will keep the dwindling number of Sears stores warm through the first part of the winter.
Eddie Lampert Not Ready To Bid Farewell To Longtime Love
He’s got some new extraordinary measures to keep Sears alive just a little bit longer.
Eddie Lampert Ready To Suck The Remaining Life Out of Sears
That’s what a CEO is supposed to do, right?
Eddie Lampert Not The Only One Who Thinks Sears Isn’t A Total Disaster
And he’s maybe willing to let some of those people in on the action, for reasons.
Sears Still Very, Very Much Screwed, Eddie Lampert Still Very Much Going To Be Better Than OK
That is, until Sears files for bankruptcy.