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Encyclopedia > Edward Lampert
Edward "Eddie" Lampert
Born: July 27, 1962
Roslyn, New York
Occupation: Chief executive officer
Net worth: $3.8 billion USD ([1])

Edward S. "Eddie" Lampert (born July 27, 1962; [2]) is an American investor, financier and businessman. July 27 is the 208th day (209th in leap years) of the year in the Gregorian Calendar, with 157 days remaining. ... 1962 (MCMLXII) was a common year starting on Monday (the link is to a full 1962 calendar). ... Roslyn (/RAHZ-lin/) is a village in Nassau County, New York on the North Shore of Long Island. ... A chief executive officer (CEO), or chief executive, is the highest-ranking corporate officer or executive officer of a corporation, or agency. ... The United States dollar is the official currency of the United States. ... July 27 is the 208th day (209th in leap years) of the year in the Gregorian Calendar, with 157 days remaining. ... 1962 (MCMLXII) was a common year starting on Monday (the link is to a full 1962 calendar). ... The word investor may refer to: A person who makes investments Investor AB, a Swedish investment company institutional investor corporate investor This is a disambiguation page, a list of pages that otherwise might share the same title. ... Financier (IPA: /ˌfi nãn ˈsjei/) is an elegant term for a person who handles large sums of money, usually involving money lending, financing projects, large-scale investing, or large-scale money management. ... A businessman (sometimes businesswoman, female; or businessperson, gender neutral) is a generic term for a wide range of people engaged in profit-oriented enterprises, generally the management of a company. ...


He is the founder, chairman, and CEO of ESL Investments; and the chairman of Sears Holdings Corporation. He is a director of AutoNation, Inc. and AutoZone, Inc. The phrase Chairman of the Board has several meanings: Chairman of the Board is the term used to denote the leader of a corporations board of directors. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Sears Holdings Corporation (NASDAQ: SHLD) is the fourth largest retailer in the United States, behind Wal-Mart, The Home Depot, and Kroger [1]. It was formed in 2005 with the purchase of Sears, Roebuck and Company of Hoffman Estates, Illinois by Kmart Holdings Corporation of Troy, Michigan. ... In relation to a company, a director is an officer of the company charged with the conduct and management of its affairs. ... The company was formerly known as Republic Industries, Inc. ... AutoZone NYSE: AZO is a Fortune 500 corporation based in Memphis, Tennessee which is engaged primarily in the business of the retail sale of automotive parts and accessories. ...


Lampert graduated from Yale University in 1984 (B.A., economics, summa cum laude), where he was a member of Skull and Bones and Phi Beta Kappa. He was an intern at Goldman Sachs in July 1984, and worked in the firm's risk arbitrage department from March 1985 to February 1988. Yale redirects here. ... A bachelors degree (Artium Baccalaureus, A.B. or B.A.) is usually an undergraduate academic degree awarded for a course or major that generally lasts for three, four, or in some cases and countries, five or six years. ... Latin honors are Latin phrases used to indicate the level of academic distinction with which an academic degree was earned. ... For the pirate flag see Jolly Roger; for the international poison symbol see skull and crossbones; for the Cypress Hill album see Skull & Bones. ... The Phi Beta Kappa Society is an honor society which considers its mission to be fostering and recognizing excellence in undergraduate liberal arts and sciences. ... Goldman Sachs offices at the Fraumünsterplatz in Zürich (the light-colored building on the left) The Goldman Sachs Group, Inc. ... 1984 (MCMLXXXIV) was a leap year starting on Sunday of the Gregorian calendar. ...


He left the bank to form ESL Investments, based in Greenwich, Connecticut, in April 1988. In 2003 he was kidnapped from the parking lot of his office, but was quickly rescued by police after his captors used his credit card (which police were tracing) to order a pizza from the motel where they were holding him. Location in Connecticut Coordinates: NECTA Bridgeport-Stamford Region South Western Region Settled 1640 Joined Connecticut 1656 Government type Representative town meeting First selectman James A. Lash Town administrator Edward Gomeau Town meeting moderator Thomas J. Byrne Area    - City 174. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Credit cards A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. ...


Mr. Lampert's investment style can best be described as "concentrated value", often focusing on the retail sector. He has, in large part, been credited for forming and merging Kmart and Sears into Sears Holdings.


His earnings in 2004 were estimated to be $1.02 billion USD, making Lampert the highest paid hedge fund manager in 2004 ([3]). As of 2006, Lampert is the richest person in Connecticut with a net worth of $3.8 billion [4]. Generally, a hedge fund is a lightly regulated private investment fund often characterized by unconventional investment strategies and often making use of legal structures (sometimes offshore) to mitigate the effects of local regulation and tax regimes. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... This does not cite its references or sources. ...


External links


  Results from FactBites:
 
Deal's designer a master of surprise | The San Diego Union-Tribune (846 words)
Hedge fund manager Edward Lampert, 42, is the largest investor in Kmart and the architect of the bold takeover of Sears.
Lampert, a 42-year-old hedge fund manager whose business idol is Warren Buffett, is the largest investor in Kmart and the architect of the bold takeover of Sears.
Lampert has one of the best track records in the investment business, with returns averaging 29 percent a year since 1988, and a blue-chip roster of investment clients including the Ziff family of publishing fame, entertainment mogul David Geffen and computer billionaire Michael Dell.
Chicago Business News, Analysis, & Articles| Sears' Lampert outlines strategy, blasts critics | Crain's (682 words)
Lampert also explained why Sears clothing sales were so poor in the latest quarter, when the chain reported a 10.8 percent decline in comparable-store sales.
Lampert said the company was in strong financial shape going into the holiday shopping season and expected to end the fiscal year with more than $3 billion in cash, excluding any share repurchases or acquisitions.
Lampert said readers should be "appropriately skeptical of the so-called experts" and singled out those who questioned the wisdom of cutting back on capital spending.
  More results at FactBites »


 

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