Can Eddie Lampert jump over the Sears/Kmart seven-foot bar and one day take the torch from his hero Warren Buffett? Nobody knows. But there are some interesting parallels between the two.
Warren Buffett vs. Eddie Lampert
Buffett and Lampert both refuse to talk to Wall Street analysts and provide quarterly earning guidance. Both control about half of their company. Both made a name for themselves while relatively young. Buffett pays himself a symbolic pocket change of $100,000. Lampert goes further by paying himself nothing. (We will soon see the proxy disclosure about his expense reimbursements.) Buffett writes to shareholders yearly. Lampert again goes the extra mile to write to his shareholders quarterly. And both write amazing well.
Warren Buffett vs. Eddie Lampert
Buffett and Lampert both refuse to talk to Wall Street analysts and provide quarterly earning guidance. Both control about half of their company. Both made a name for themselves while relatively young. Buffett pays himself a symbolic pocket change of $100,000. Lampert goes further by paying himself nothing. (We will soon see the proxy disclosure about his expense reimbursements.) Buffett writes to shareholders yearly. Lampert again goes the extra mile to write to his shareholders quarterly. And both write amazing well.
