Edward Scott Lampert was born on July 19,1962 and is an American billionaire businessman.
20 Facts About Eddie Lampert
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Eddie Lampert is the former chief executive and chairman of Sears Holdings, the founder of Transformco, and the founder, chairman, and chief executive of ESL Investments.
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Eddie Lampert was a director of AutoZone from 1999 to 2006.
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Eddie Lampert's grandmother was a passive investor and a fan of Louis Rukeyser's Wall Street Week television program.
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Eddie Lampert's father died in 1977, and his mother took a job as a clerk at Saks Fifth Avenue.
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Eddie Lampert received financial aid to help pay for college.
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In July 1984, Eddie Lampert worked as an intern at Goldman Sachs, and then worked in the firm's risk arbitrage department from March 1985 to February 1988.
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When Eddie Lampert decided to go out on his own, Rubin warned him it would be a bad career decision.
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Richard Rainwater, whom Eddie Lampert had met on Nantucket Island, gave him $28 million in seed money and introduced him to clients, such as David Geffen.
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In 2006, Eddie Lampert was featured on the Time 100 list for most influential people in the world for being one of the "brightest minds on Wall Street" and leading a new class of activist hedge funds.
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Eddie Lampert was the richest person in Connecticut in 2006 with a net worth of $3.8 billion.
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In March 2012, Eddie Lampert was No 367 on the Forbes world's wealthiest people list with a net worth of $3.1 billion.
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In January 2013, it was announced that Eddie Lampert would take over as chief executive officer at Sears after Louis D'Ambrosio stepped down due to family health matters; this took effect in May 2013.
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Eddie Lampert restructured Sears into approximately 30 separate business units, which were evaluated based on individual profits, rather than any estimation of their effect on Sears' overall profit.
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Eddie Lampert was criticized by employees and corporate staff for "shredding" his employees in corporate meetings and "being out of touch with reality", as well as for failing to invest in the physical stores, as many of them were deteriorating.
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On October 15,2018, Eddie Lampert stepped down as chief executive of Sears Holdings, while remaining chairman of the board, as part of Sears Holdings bankruptcy actions.
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In January 2019, a group of Sears' creditors hoping to persuade a federal judge to force Sears to liquidate alleged that Eddie Lampert had orchestrated a "multiyear and multifaceted scheme" to strip away the company's assets and benefit from its decline.
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In 2001, Eddie Lampert married Kinga Keh, an attorney with whom he has three children.
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In 2003, Eddie Lampert was kidnapped from the parking lot of his Greenwich office but persuaded his captors to let him go after two days of captivity by promising to pay them a ransom.
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Eddie Lampert is a self-proclaimed supporter of free market economics and is a fan of Objectivism writer Ayn Rand.