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...

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  • Edward Lampert
    #2057 Edward Lampert. Founder, ESL Investments Inc. After a stint at Goldman Sachs' risk arbitrage department, Edward Lampert founded hedge fund ESL Investments in 1988, betting on undervalued stocks. He took over as CEO of struggling retail giant Sears Holdings (Sears, Kmart, Kenmore) in 2013 with hopes of a turnaround, but failed miserably.
    02/15/2020 - 10:10 am | View Website
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    Sears sues former CEO Edward Lampert, claiming he stripped $2 billion in assets as it headed to bankruptcy. Edward Lampert and his hedge fund have been sued by Sears Holdings Corp., which asserts that they wrongly siphoned $2 billion in assets from the retailer.
    02/15/2020 - 3:14 am | View Website
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    Billionaire investor and former Sears chairman and CEO Edward “Eddie” Lampert, 56, seemingly had a golden touch before presiding over the storied retailer’s descent into bankruptcy.
    02/15/2020 - 12:37 am | View Website
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    Sears CEO Eddie Lampert just keeps trying ... Sears Holdings Chief Executive Edward Lampert is the struggling retailer's ... Striking a tone that was both optimistic and defiant in his annual ...
    02/13/2020 - 10:51 pm | View Website
  • Eddie Lampert's Blog | Edward S. Lampert
    At Sears Holdings’ annual stockholders meeting this week, we talked a lot about the difference between turnarounds and transformations. I want to share some of those thoughts here. Turnarounds happen when a company succeeds again at doing what it had once done successfully before.
    02/12/2020 - 11:06 pm | View Website
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