Filed under: Sears Holdings (SHLD)

Shares of Sears Holdings (NYSE: SHLD) have been one of the great disappointments of the market for the past few months. Investors were optimistic that hedge fund titan/Chairman Eddie Lampert could turn the company around, and many observers compared the company to Berkshire Hathaway (NYSE: BRK.A), suggesting that Lampert would use the company as an investment vehicle to generate outlandish returns.

Now, the stock is down nearly 50% from its 52-week high, and investors may be losing confidence in Lampert’s ability to work his magic. All of this has MarketWatch’s Herb Greenberg considering the company’s lesser-known CEO, Alwyn Lewis for his “Worst CEO of the Year” distinction — especially after the latest quarter.

Greenberg writes: “The only defense of Lewis is that his job was nearly impossible from the start, via Eddie Lampert’s ill-conceived Sears strategy, which only made sense to many observers as a play on real estate, not retail. Lewis now risks getting hung out as the scapegoat.”

Continue reading Will the Worst CEO of the Year Award go to the head of Sears?

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This entry was posted on Saturday, December 1st, 2007 at 6:47 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.