4 ms·
If I'm reading the article correctly, Lampert's fund has put $2.5B into Sears, so the kickback would mean they "only" lose $1.5B instead. That's a very differen
by phlakaton 8y ago
If I'm reading the article correctly, Lampert's fund has put $2.5B into Sears, so the kickback would mean they "only" lose $1.5B instead. That's a very different story than how I thought the title read, which was: "CEO's hedge fund walks away $1B richer."
I hope investors are taking ESL's management of Sears into account when deciding if it's a hedge fund they will continue to support. There's risk, and then there's incompetence...