By Kathie O'Donnell, MarketWatch
Last Update: 11:45 AM ET May 27, 2005
BOSTON (MarketWatch) -- Move over, George Soros. Edward Lampert of ESL Investments was the world's highest-paid hedge-fund manager last year -- earning an estimated $1.02 billion -- and the first to crack the billion-dollar mark in the history of a survey released Friday.
Lampert, chairman of Greenwich, Conn.-based ESL, was the mastermind behind Kmart Holding Corp.'s $11 billion blockbuster deal to buy Sears Roebuck and Co., which created the country's third-largest retailer, now called Sears Holdings Corp. (SHLD: news, chart, profile) . He is the company's largest shareholder, through ESL....
http://www.marketwatch.com/news/archivedStory.asp?archive=true&dist=ArchiveSplash&siteid=mktw&guid=%7B881ED4E5%2D1769%2D4865%2D94B5%2D90C3928FE325%7D&returnURL=%2Fnews%2Fstory%2Easp%3Fguid%3D%7B881ED4E5%2D1769%2D4865%2D94B5%2D90C3928FE325%7D%26siteid%3Dmktw%26dist%3D%26archive%3Dtrue%26param%3Darchive%26garden%3D%26minisite%3D
Last Update: 11:45 AM ET May 27, 2005
BOSTON (MarketWatch) -- Move over, George Soros. Edward Lampert of ESL Investments was the world's highest-paid hedge-fund manager last year -- earning an estimated $1.02 billion -- and the first to crack the billion-dollar mark in the history of a survey released Friday.
Lampert, chairman of Greenwich, Conn.-based ESL, was the mastermind behind Kmart Holding Corp.'s $11 billion blockbuster deal to buy Sears Roebuck and Co., which created the country's third-largest retailer, now called Sears Holdings Corp. (SHLD: news, chart, profile) . He is the company's largest shareholder, through ESL....
http://www.marketwatch.com/news/archivedStory.asp?archive=true&dist=ArchiveSplash&siteid=mktw&guid=%7B881ED4E5%2D1769%2D4865%2D94B5%2D90C3928FE325%7D&returnURL=%2Fnews%2Fstory%2Easp%3Fguid%3D%7B881ED4E5%2D1769%2D4865%2D94B5%2D90C3928FE325%7D%26siteid%3Dmktw%26dist%3D%26archive%3Dtrue%26param%3Darchive%26garden%3D%26minisite%3D
