Money and Finance
The Harder Side of Sears
In picking a new CFO from the banking industry, hedge-fund manager Eddie Lampert places an emphasis on a finance department driven by hard data and quantititive analysis.
-
Also of note, Mr. Lampert is buying back a bunch of stock.
-
Links
Eddie Lampert's 2015 letter to Sears shareholders (LINK) Banks Brace for Potential Energy Losses (LINK) Farnam Street: James Cash Penney and the Golden Rule (LINK) Did the Universe Have a Beginning? (LINK) Book of the day [H/T Derek Sivers]:...
-
Eddie Lampert's Letter To Sears Shareholders
Link to: Eddie Lampert's Letter to Sears ShareholdersI am writing to you after my first full year serving as both your Chairman and Chief Executive Officer. While our financial results remain challenged, 2013 may have been the year that justifies...
-
Sears Says Lampert To Take Over As Ceo
Sears Holdings Corp. (SHLD) said Lou D’Ambrosio is stepping down as chief executive officer and Chairman Edward Lampert will take over the job as the billionaire hedge fund manager works to revive the retailer. The sudden departure of D’Ambrosio,...
-
Eddie Lampert On Long Term Investing (video)
Found via Santangel's Review. Oct. 3 (Bloomberg) -- Billionaire hedge fund manager Edward Lampert, Former U.S. Treasury Secretary Lawrence Summers, and Google Inc. Chairman Eric Schmidt talk about long-term versus short-term investing.
...
-
A Storied Name On Sale?
Likewise, Sears' business is getting short shrift, as some of Lampert's restructuring efforts are likely to bear fruit. Too, the retailer's real estate has considerable value that is not reflected in the stock. Add up this real estate, valuable...
Money and Finance