Eddie Lampert

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Slumping Sears Ousts CEO

Board dumps Lewis as part of restructuring plan to boost retailer's falling sales, stock

(Newser) - Sears Holdings CEO Aylwin Lewis will depart as part of company-wide restructuring, the Wall Street Journal reports. Sears stock has plummeted 40% since July, and the retailer's sales were down 3.5% this holiday season. The company, which was created when Kmart Holding Corp. took over Sears in 2005, last... More »

Sears Chief Wins Worst CEO Award

Lampert beats out crowded field of execs: MarketWatch columnist

(Newser) - There were lots of rotten CEOs this year, writes MarketWatch’s Herb Greenberg, but the man who stood above (below?) the pack was Sears Chairman Eddie Lampert. Lampert is revered for his brilliant trading at ESL Investments, but he’s a bad retail boss, espousing a profit-over-sales ethos that’s... More »

2 Stories