, Columnist
Sears CEO All Talk, No Action
He talks turnaround while running it into the ground.
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Sears Chairman Eddie Lampert could use a dose of his own medicine.
On Thursday, the reclusive hedge fund manager released his annual letter to shareholders, in which he whined about how unfair it was that traditional retailers such as Sears are held to different standards than West Coast startups. He highlighted Uber's ability to raise almost unlimited capital, Amazon's historical evasion of sales tax, and Tesla's acceptance of government subsidies.