Has Eddie The Micro Manager Lost His Touch?
Investors Are Wondering If Lampert Can't See The Forest For The Trees.
Sears Holdings Corp. Chairman and hedge-fund guru Edward S. Lampert failed for the fourth year to make a list he once topped -- the richest hedge-fund managers in the nation.....
....In 2006, Lampert placed sixth on the list by taking home $425 million in 2005.
In the latest Alpha magazine edition (http://www.iimagazine.com/ ), Lampert appears in a story titled "Eight Men Out," listing eight hedge-fund managers who lost the most personal wealth.
... Lampert topped the list published in 2005, after pocketing a $1.02 billion salary in 2004 for his leadership of Greenwich, Conn.-based ESL Investments. ...
....The losses included $3.6 billion from Sears Holdings, $587 million from Auto Nation, $480 million from AutoZone, $174.7 million from Home Depot and $162.4 million from Citigroup, according to the report.
Lampert owns 40 percent of Sears stock. The ESL portfolio is estimated to be worth $11.5 billion.
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