Edward Lampert: Our compensation does not include stock options or other stock awards

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Jun 08, 2005
Edward Lampert is bringing his value investing philosophy into business operations. In his letter to shareholders, he wrote: "We have structured executive compensation in a manner that ties executive pay packages to the operating performance of the company and not to stock price performance. We believe that if we set the appropriate objectives and goals for management, they will focus on opportunities that will drive long-term value for shareholders. "

http://www.searsholdings.com/invest/