Edward Lampert

From Wikipedia, the free encyclopedia

**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.

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.

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.

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.

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].