4 ms·
Sears Holdings was basically a hedge fund that happened to own Sears and Kmart. You'd have to admit that prior to the recession it was looking pretty good, hav
by thrownaway2424 11y ago
Sears Holdings was basically a hedge fund that happened to own Sears and Kmart. You'd have to admit that prior to the recession it was looking pretty good, having enjoyed a 10x run in their share price.
- maxerickson 11y agoYeah, that deal worked out okay for the architect: http://money.cnn.com/2004/11/17/news/newsmakers/lampert/ http://money.cnn.com/2004/11/17/news/newsmakers/lampert/ https://en.wikipedia.org/wiki/Edward_Lampert https://en.wikipedia.org/wiki/Edward_Lampert Lampert's earnings in 2004 were estimated to be $1.02 billion