September 10, 2005
When hedge fund investor Eddie Lampert decided to take over operating control of Sears Holdings on Thursday, he decided to take charge himself rather than leave the job to professional managers. It was a decision fraught with risk: a financial investor with virtually no management experience taking control of one of the nation's largest retailers. This sort of coup by bankroll happens rarely in business, and for good reason: It doesn't work. Cable titan Ted Turner became so frustrated with the play of his Atlanta Braves that he donned a baseball uniform and managed from the dugout until Major League Baseball forced him to stop.
September 9, 2005
CHICAGO - Billionaire hedge fund manager Edward Lampert thinks he can succeed where a host of others have failed: selling more merchandise at Sears. Lampert, who orchestrated the takeover of Sears, Roebuck and Co. in March after bringing Kmart Holding Corp. out of bankruptcy, said yesterday that he will oversee marketing, merchandising, design and online businesses at Sears Holdings and its Lands' End clothing unit. His management shake-up at the nation's third-largest retailer also included the demotion of Sears Roebuck Chief Executive Officer Alan Lacy, whose four-year tenure as Sears' leader was marked by falling sales and capped by the takeover of the venerable retailer by Kmart.
December 31, 2008
On December 28, 2008, ADAM S. BRANDT, beloved son of Hedy (nee Lampert) and Charles Brandt; devoted brother of Amy Brandt; loving grandson of Ava Lampert; devoted nephew of Sheila Glassner and Bruce Brandt; dear cousin of Wendy Glassner, Craig Glassner and Warren Kovitz. Funeral services will be held at Columbia Meeting House, Oakland Mills Interfaith Center, 5885 Robert Oliver Place, Columbia, MD 21045, on Wednesday, December 31, at 10:30 AM. Interment Columbia Memorial Park - Columbia MD. Please omit flowers.
November 15, 2004
Harry Lampert, 88, the illustrator who created the DC Comics superhero the Flash and later became known for his instructional books on bridge, died of cancer Saturday in Boca Raton, Fla. He began drawing professionally at 16, inking cartoons at Fleischer Studios in New York for characters such as Popeye and Betty Boop. Six years later, he created the DC Comics original Flash Comics 1 in 1940, collaborating with writer Gardner Fox. The first-edition featuring the physics-defying superhero has become a classic among comic book collectors.
November 18, 2004
In a stunning move that alters one of Chicago's most enduring business icons, Kmart Holding Corp. pounced on Sears Roebuck and Co. yesterday in a merger valued at $11 billion. The new company, which will be called Sears Holdings Corp., will become the nation's third-largest retailer. It will continue to occupy Sears headquarters in suburban Hoffman Estates, Ill. But it will be controlled by Kmart's chairman, Edward J. Lampert, a 42-year-old Connecticut investor who made his name buying Kmart out of bankruptcy last year and raising almost $1 billion in a matter of months by selling many of its stores to other retailers, including Sears.
February 10, 2004
On February 8, 2004, BESSIE N. WOODEN (nee Kershman); beloved wife of the late Edgar Wooden, Henry Reding and Joseph Holzman; beloved mother of Theodore Wooden, Frank Holzman, Leon Holzman, Stanley Holzman, Stewart Holzman, Elaine Lampert and the late Rhona Tamres; devoted mother-in-law of Geraldine Wooden, Estelle Holzman, Ellen Van Horn, Debbie Holzman, Ann Marie Holzman and Larry Lampert; devoted sister of Sam Kershman and the late Elsie Lutins and...