Edward Lampert Resource Page
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“The entrance strategy is actually more important than the exit strategy.” — Edward Lampert
Edward Lampert: Background & bio
Edward or Eddie Lampert is the chairman of Sears Holdings Corporation (SHLD) and also the founder and chairman of ESL Investments. After graduating from Yale University, Lambert joined Goldman Sachs as an intern and later joined the company’s Risk Arbitrage department. After working at the company for 3 years (1985-1988), Lampert quit the job to establish ESL Investments in Greenwich. The name of ESL is drawn from Lampert’s initials.
After turning his initial seed money of $28 million into a $ 9 billion hedge fund, Lampert stands out as a young and ambitious investor. His top clients are some of the major players in the business world, including the Dell inc. founder Michael S. Dell, the Tisch family of Loews Corp. (LTR) and the Ziff family.
His focus is so remarkable that he was back to work just within a couple of days after he was kidnapped in 2003. According to Thomas J. Tisch “Eddie is one of the most extraordinary investors of our age, if not the most extraordinary.”
Making a success story out of some of the least likely investments, Eddie Lampert has been able to turn failing and lousy companies into profitable giants.
In his interview with BusinessWeek, Eddie Lampert stated that he wanted to be a role model for the businessmen and show them how a business is run. Truly, Lampert has invested in businesses scarred with financial crisis, as well as management issues.
Edward Lampert: