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Value Is Alive and Well

August 23, 2005
Why is Eddie Lampert on top of the business world? Because he is first and foremost a businessman.

By now, everyone probably knows that he combined a dead retailer and a dying brand to create one of the best investments of the past three years. But let's get something straight: The creation of Sears Holdings (Nasdaq: SHLD) was all business. It was about hiring the right people and giving them the right incentives. It was about improving the blocking and tackling (a.k.a. operations) and allocating capital Foolishly. And let's not forget the key to retailing -- giving the customers the products they want.

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