Sears Ceo Edward Lampert's New Annual Salary: $1

-- Sears Holding Corp. has signed a contract with Edward Lampert to keep him on as CEO of the company at a salary of $1 per year.A regulatory document filed Wednesday shows that the billionaire hedge fund manager will be paid an annual base salary of $1, but with the opportunity for a bonus of up to $2 million in cash or stock and up to $4.5 million in stock per year.Read More...

Sections:  news   business   
  • The metro-east’s only Sears store is safe as company files for bankruptcy
    Edward S. Lampert, the company’s largest shareholder, has stepped down as CEO but will remain chairman ... additional $300 million loan from Lampert’s ESL Hedge fund. The filing listed between ...
    09/2/2021 - 1:00 pm | View Link
  • Sears’ bankruptcy claims South Hill Mall store and Bellingham Kmart
    Edward Lampert is stepping down as CEO, but will remain chairman and the retailer will negotiate with his hedge fund for a $300 million loan, The New York Times reported. Under Lampert’s ...
    10/15/2018 - 10:34 am | View Link
  • More
  • Who Killed Sears? Fifty Years on the Road to Ruin
    An affiliate of Lampert's hedge fund agreed to loan Sears up to $500 million in Jan. 2017, bringing the total amount Lampert has plowed back into the business since Sept. 2014 to around $1 billion.
    09/17/2021 - 4:57 am | View Website
  • Sears
    Sears, Roebuck and Co., commonly known as Sears, is an American chain of department stores founded by Richard Warren Sears and Alvah Curtis Roebuck in 1892, and reincorporated by Richard Sears and Julius Rosenwald in 1906. Formerly based at the Sears Tower in Chicago and currently headquartered in Hoffman Estates, Illinois, it began as a mail ordering catalog company, then began opening retail ...
    09/17/2021 - 3:45 am | View Website
  • Home | NextAdvisor with TIME
    Marriott Bonvoy Bold Credit Card Review: Basic Rewards for Marriott Customers, for No Annual Fee 7 min read. Chase Freedom Unlimited vs. Citi Double Cash: Choose Freedom Unlimited for Maximum Rewards
    09/17/2021 - 12:53 am | View Website
  • DealBook
    DealBook Newsletter Back on Track. The bidding war to acquire Kansas City Southern appears to end in victory for Canadian Pacific. By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Stephen ...
    09/16/2021 - 8:07 pm | View Website
  • Forbes List Directory
    Yearly rankings of the best employers in the United States, Canada as well as for women, diversity, recent grads and beyond.
    09/16/2021 - 3:13 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News