Sears’ CEO search: A charade?

Sears already has a CEO, and his name is Eddie Lampert. Let’s not kid ourselves: Any viable candidate paying attention over the past four years must realize that Lampert is calling the shots. It would be hard to convince any outsider to take this job without a massive paycheck, since the likelihood of getting rich from SHLD shares or option grants looks pretty slim right now. It’s also clear that the key strategic moves that Sears should have already made (starting by killing the Kmart brand) are not going to happen on Lampert’s watch.

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