ESL’s Sears Bet: So Crazy It Just Might Work?

Eddie Lampert’s wager on the troubled retailer is confounding analysts and infuriating investors. But rather than back off, he’s doubling down.


By Leah McGrath Goodman

(Illustration by Andy Martin)

Does Edward Lampert know something about Sears that no one else does? This question has been whispered up and down Wall Street as Lampert, Sears’ beleaguered chairman and the founder of a $13 billion hedge fund firm, ESL Investments, has steadfastly clung to his vast position in the struggling retailer....

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