Sears was in a death spiral long before Eddie Lampert got involved. It's been well documented. Eddie has actually lost his *** since buying Sears. His net worth has declined over $1.5 Billion (Yes Billion$) in the years he has owned it. So if you want some poetic justice Eddie is getting his!
Take a look:
Eddie Lampert
His net worth back in 2006 was $3.8 Billion and he was the richest person in Connecticut. Heck he made over $1 Billion dollars in a single year (2004) as a hedge fund manager. Yet in 2021 his net worth was reported as $2 Billion. For a guy ruining Sears and lining his pockets the entire deal has been a giant money pit! Sears is still declining and losing more value everyday.
Business is not near as easy as it looks!
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