Sears CEO and hedge fund investor Eddie Lampert has gained more control over the most valuable pieces of the department-store empire. What's next? $3,500 iPhone possible?

Portrait of businessman Richard W. Sears, founder of the country's largest mail-order retail company, Chicago, ca.1900s. | Chicago History Museum/Getty Images ...

Sears' profits boomed after the merger, before finally starting to fall around the time Lampert became CEO. The company plowed $6 billion into stock buybacks from 2005 to 2012, temporarily goosing ...

A financial industry CEO assumed the top leadership post at Sears at the wrong moment, cutting cost after cost when the business needed reinvention. How private equity CEO hubris almost killed ...

Sears spinoff Seritage Growth Properties is gearing up for a major liquidation sale. ... given that former Sears CEO Eddie Lampert controlled close to 30 percent of Seritage’s Class A shares.

The Sears bankruptcy will be unusual in one key respect, in that its CEO, Eddie Lampert, also runs a hedge fund that Sears owes a lot of money to. As a result, ...

Former Sears Chairman Eddie Lampert and his hedge fund ESL Investments bought the best Sears stores out of bankruptcy in 2019 but many stores were closed. Photo: mike segar/Reuters.

Dear Answer Man, With Sears declaring bankruptcy on Monday, I’m reminded that the store founder had some sort of local connection. Can you remind me about the details? $2 for 6 months SUBSCRIBE NOW ...