Sears Crowning Lampert Defies Critics of Stalled Comeback
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Sears Holdings Corp. Chairman Edward Lampert’s selection of himself as the ailing retailer’s fifth chief executive officer in seven years shows the billionaire hedge-fund manager hasn’t taken his critics to heart.
Ever since he’s controlled the company, Lampert has avoided putting a seasoned retail executive in charge of the department-store chain. Instead, he’s handed the reins to executives from the supermarket, restaurant and telecommunications industries, and now himself.