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Topic: Edward Lampert

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	Deal's designer a master of surprise \| The San Diego Union-Tribune
		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.
	www.signonsandiego.com /uniontrib/20041118/news_1b18lampert.html (846 words)

	Chicago Business News, Analysis, & Articles\| Sears' Lampert outlines strategy, blasts critics \| Crain's
		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.
	www.chicagobusiness.com /cgi-bin/news.pl?id=18706 (682 words)

	The Next Warren Buffett?
		Lampert's is next door, a corner suite whose central focus is a dual set of fl, flat-panel computer screens perched on his desk.
		Lampert also was a member of the Yale student investment club, a group on campus that invested donations from alumni that eventually became part of Yale's endowment.
		Lampert was convinced he was going to be killed, he says in his first public comments on the kidnapping case.
	www.businessweek.com /magazine/content/04_47/b3909001_mz001.htm (4204 words)

	Edward Lampert - Wikipedia, the free encyclopedia
		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.
		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.
		Lampert's investment style can best be described as "concentrated value", often focusing on the retail sector.
	en.wikipedia.org /wiki/Edward_Lampert (253 words)

	'Gambling' billionaire Lambert at heart of Sears-Kmart merger - Pittsburgh Tribune-Review
		Lampert, who declined to be interviewed for this story, became Kmart's chairman as the company emerged from bankruptcy protection in May 2003.
		Lampert's privacy was shattered, though, in January 2003, the same month ESL emerged as one of the main investors funding Kmart's turnaround.
		According to court testimony, Lampert told a probation officer that he hoped his abductors would get an education in prison and have the chance to be rehabilitated.
	www.pittsburghlive.com /x/pittsburghtrib/s_274123.html (765 words)

	deseretnews.com \| What's Sears' future?
		Lampert promised last March 24 that there would not be wholesale store closings, and there haven't been.
		Lampert used cost cuts and real-estate transactions to help Kmart Holding Corp., based in Troy, Mich., turn a $1.1 billion profit in 2004, a year after taking control when it emerged from bankruptcy.
		Lampert, whose personal wealth was ranked by Forbes magazine this month at $2.5 billion, could use his ESL Investments, based in Greenwich, Conn., to fund acquisitions as he did with Kmart.
	deseretnews.com /dn/view/0,1249,635193988,00.html (1034 words)

	Edward Lampert Stock Holdings, Investment Philosophies and News -- GuruFocus.com
		Edward Lampert is sending clear signals that he is on the prowl for acquisitions now that Sears Holdings Corp., the company he controls, is on firmer footing.
		Billionaire investor Edward Lampert sold off General Motors Corporation during the 3-months ended 06/30/2006, according to the most recent filings of his investment company, ESL Investments, Inc. These are the details.
		Edward Lampert: Situations in which the conventional wisdom of the commentators and experts is incomplete
	www.gurufocus.com /ListGuru.php?GuruName=Edward+Lampert (867 words)

	USATODAY.com - Lampert's potent force in investing branches into retailing (Site not responding. Last check: 2007-11-04)
		Lampert, 43, is "a workaholic, and he's as smart as they come.
		Lampert, who declined to be interviewed, became fascinated with the arcane world of finance as a child in well-to-do Roslyn, N.Y. At age 10, he pored over the stock pages with his grandmother.
		Lampert went right back to work, crafting a deal to pay less than $1 billion for 52% of Kmart, taking it out of Chapter 11.
	www.usatoday.com /money/industries/retail/2004-11-21-lampert_x.htm (799 words)

	Chicago Business News, Analysis, & Articles\| Sears' Lampert slams pension reforms in shareholder note \| Crain's
		In a letter to shareholders, Lampert said well-meaning pension reform punished older companies like Sears Holdings, which was formed by the acquisition of Sears, Roebuck and Co. by Kmart last year.
		Lampert also took issue with the current regulations in which companies cannot take back assets from plans that become overfunded.
		Lampert has written to investors quarterly, but said that with benefit of a full year behind him since the close of the merger, he planned to write less frequently, likely on an annual basis.
	www.chicagobusiness.com /cgi-bin/news.pl?id=19852 (477 words)

	ZoomInfo Web Summary: Edward Lampert
		Edward Lampert Minutes after securing final approval for the Kmart-Sears merger last year, Edward Lampert pledged in a rare appearance before reporters to transform the two faded retail icons into "a great company." But he didn't offer any blueprint for how he'd do it.
		Edward Lampert is the founder and chairman of ESL Investments and the chairman of Kmart Holding Corporation.
		Lampert is the Chairman, Chief Executive Officer and a director of ESL Investments, Inc., and managing member of ESL Investment Management, LLC, and RBS Investment Management, LLC.
	www.zoominfo.com /Search/PersonDetail.aspx?PersonID=57021655 (2796 words)

	Edward Lampert: the man behind the big retail deal - Nov. 17, 2004
		NEW YORK (CNN/Money) - Edward S. Lampert is frequently described as being reclusive, but the multimillionaire investor was front and center Wednesday as Kmart and Sears announced their $11 billion merger.
		The 42-year-old Lampert, who is set to become chairman of the combined companies, was clearly the driving force behind the deal.
		Lampert started his fund in 1988 after earning an economics degree at Yale University and then cutting his teeth under Robert Rubin at the risk arbitrage department at Goldman Sachs.
	money.cnn.com /2004/11/17/news/newsmakers/lampert (858 words)

	Lansing State Journal:Executive has Kmart shares soaring amid sell-off rumors (Site not responding. Last check: 2007-11-04)
		Speculation has it that Kmart Holding Corp.'s chairman, Edward Lampert, may be planning a larger liquidation.
		Lampert, 41, is somewhat reclusive and plays his cards close to the vest.
		A year later, in January 2003, Lampert agreed to make an additional investment in Kmart in return for the ability to convert his claims to Kmart stock.
	www.lsj.com /news/business/040725_kmart_1d.html (420 words)

	About Kmart (Site not responding. Last check: 2007-11-04)
		EDWARD S. TROY, Mich., May 6, 2003 -- Kmart Holding Corporation (OTC-KMRTV) announced today that the Board of Directors of the Company has appointed Edward S. Lampert, Chairman and Chief Executive Officer of ESL Investments, as Chairman of the Board.
		Edward S. Lampert said, “Going forward, Kmart will be led by a Board that has a substantial investment in the Company.
		Lampert is the Chairman and Chief Executive Officer of ESL Investments, based in Greenwich, Connecticut, a firm he founded in April 1988.
	www.kmartcorp.com /corp/story/pressrelease/news/pr030506b.stm (508 words)

	Sears Taps Monaghan as CFO - - CFO.com (Site not responding. Last check: 2007-11-04)
		Edward Lampert turns to former tank commander and AutoNation CFO Craig Monaghan to lead the ongoing integration of Sears and KMart.
		But Monaghan also is no stranger to the company's chairman Edward Lampert, the billionaire hedge fund manager who created the company from the merger of Sears and Kmart.
		Lampert's hedge fund, ESL Partners, owns 36 percent of AutoNation's total outstanding shares, and Lampert has served as a director of the company since 2002.
	www.cfo.com /article.cfm/7239300/c_7219022?f=home_todayinfinance (627 words)

	Press Releases
		On January 27, 2004, ROSE pleaded guilty to two counts of conspiracy to interfere with interstate commerce, two counts of interference with interstate commerce, and one count of carrying a firearm in connection with a crime of violence.
		ROSE further admitted that on January 10, 2003, he, Gordon, Harris and L.J. kidnapped Edward S. Lampert at gun point and held him during the weekend at a Days Inn Motel in Hamden, before releasing Lampert in Greenwich during the early morning hours of January 12th.
		As disclosed in previous court proceedings, Lampert was ultimately released by the kidnappers in exchange for a promise to leave approximately $40,000 in cash for the abductors several days later in a trash can in a Wendy's restaurant in Greenwich, Connecticut.
	www.usdoj.gov /usao/ct/Press2004/20040517-1.html (574 words)

	Exec lifts Kmart's stock into blue yonder - Greenwich Time
		Edward Lampert appears to be a man with a plan, but he isn't saying what's in store for Kmart, or for Sears
		Lampert has acknowledged that Buffett was one of his investing heroes.
		Lampert didn't reach No. 140 on Forbes' list of the 400 richest Americans by being risk averse.
	www.greenwichtime.com /sports/chi-0407110007jul11,0,5927864.story (532 words)

	Ed Lampert: From Trader to Owner (Site not responding. Last check: 2007-11-04)
		Through his ESL Investment hedge fund, Lampert now effectively controls the third-largest retailer in the country, an entity Wall Street currently values at $22 billion based on the combined value of their shares.
		With the merger announced Wednesday, Lampert appears to be buying back some of the real estate he sold to another company he owned at a premium.
		With the announced merger, a previously silent Ed Lampert is trumpeting the benefits of synergies between the two companies as a basis for the combination to compete with Wal-Mart and Target.
	www.thestreet.com /_more/markets/natworden/10194896.html (1150 words)

	AutoNation Appoints ESL Investments' Edward S. Lampert, William C. Crowley to Board of Directors
		Lampert is ESL's Chairman, Chief Executive Officer and founder, and Crowley is its President and Chief Operating Officer.
		Wayne Huizenga, AutoNation's Chairman of the Board, said: "Having two investors and businessmen of Edward Lampert and William Crowley's caliber is a special opportunity for AutoNation.
		Lampert, 39, formed ESL Partners on April 11, 1988 and since then has managed the business and operations of ESL Investments and its various investment partnerships.
	www.collision-insight.com /news/20020131-autonation.htm (294 words)

	US hedge fund manager earned $1 billion in 2004
		Edward Lampert's ESL Investments is a private investment club for wealthy people.
		Edward Lampert of ESL Investments earned $1 billion in 2004, according to a survey by Alpha, a magazine published by
		Lampert's estimated $1 billion profit is a result of the 69 percent investment return on K-Mart.
	www.finfacts.com /irelandbusinessnews/publish/printer_10001985.shtml (1444 words)

	Q&A with Billionaire Financier Eddie Lampert
		A conversation with billionaire financier Eddie Lampert, the man who merged Kmart and Sears.
		Billionaire financier Eddie Lampert, who orchestrated the deal, has a record of snapping up undervalued assets and making them rain cash, but his ability to sell lawn mowers and linens is untested.
		Lampert spoke to New York’s James J. Cramer.
	www.newyorkmetro.com /nymetro/news/people/columns/intelligencer/10561 (379 words)

	Anecdote - Edward Lampert - Gold Card (Site not responding. Last check: 2007-11-04)
		One day in January 2003, famed hedge-fund manager Edward Lampert was abducted by three men from his company's car park.
		On Sunday, January 12th, Lampert was released unharmed.
		Lampert, Edward (1962-) American financier, hedge-fund manager, chairman of ESL Investments [noted for his authorship of the first history of Rome; for his integrity, discipline, and independence - the chief virtues of the Roman Republic; for his attempts (as censor) to restore simplicity to Roman life; and for his instigation of the third Punic War]
	www.anecdotage.com /index.php?aid=4407 (221 words)

	About Kmart (Site not responding. Last check: 2007-11-04)
		Edward Lampert is the Chairman and Chief Executive Officer of ESL Investments, Inc. based in Greenwich, Connecticut, which he founded in April 1988.
		Lampert worked for Goldman, Sachs & Co. for a number of years.
		Lampert has a bachelor’s degree from Yale University.
	www.kmartcorp.com /corp/investor/general/BoardofDirectors.stm (990 words)

	PRIVATE ASSET MANAGEMENT (Site not responding. Last check: 2007-11-04)
		Alan Bond, a well-known investment adviser convicted for stealing more than $6 million from his clients, was sentenced to 12 years and seven months in prison.
		Hedge fund manager Edward Lampert, taken hostage last month by kidnappers, told investors in his ESL Institutional Partners last week, that the fund in 2002 lost 15%, its first losing year since he launched it in 1988.
		The expected merger of Wachovia and Prudential Securities may be announced as early as this week and Pru employees are concerned that severance and transition pay packages may be smaller than in past big Wall Street marriages.
	www.iiwealthmanagement.com /?archiveiss=6128 (1051 words)

	Press Releases
		ROSE further admitted that on January 10, 2003, he, Gordon, Harris and L.J. kidnapped Edward S. Lampert at gun point and held him during the weekend at a Days Inn Motel in Hamden, Connecticut, before releasing Lampert in Greenwich during the early morning hours of January 12.
		At today's plea proceeding, prosecutors informed the Court that Lampert was ultimately released by the kidnappers in exchange for a promise to leave approximately $40,000 in cash for the abductors several days later in a trash can in a Wendy's restaurant in Greenwich, Connecticut.
		ROSE is the third and final person to plead guilty to federal criminal charges relating to the December 24, 2002 UPS truck armed robbery and the kidnapping of Eward S. Lampert.
	www.usdoj.gov /usao/ct/Press2004/20040127.html (752 words)

	A Shot To The Intangibles [Edward Lampert, Kmart, And Hollywood]
		The big word in virtually any industry you look at today is “intangibles.” Intangibles are adding value to just about everything.
		Kmart and Sears were merged in an $11 billion deal and the combined value went up – due to the value of intangibles of synergies, and the intangible value of the mastermind behind it, Edward Lampert.
		Lampert is being touted as the new “Warren Buffet” and the financial press said that investors were paying a premium for Mr.
	www.useless-knowledge.com /1234/new/article277.html (407 words)

	Edward Lampert, The World's Richest People - Forbes.com (Site not responding. Last check: 2007-11-04)
		Edward Lampert, The World's Richest People - Forbes.com
		Home > Lists > Billionaires > Edward Lampert
		Hard-nosed chairman of ESL Investments merged Kmart with Sears, Roebuck in November, capping one of the greatest corporate comebacks in history.
	www.forbes.com /lists/2006/10/22YS.html (136 words)

	Edward Lampert
		Edward Lampert want's to be judged by how well his investments stand the test of time.
		Forbes Magazine's 2005 evaluation of Edward S. Lampert's net worth.
		Edward Lampert is "willing to engage more in underperforming companies" because performing companies are
	www.hedgefundsinvesting.com /managers/lampert.html (96 words)

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