Eddie Lampert says politicians are picking on him
June 14, 2019
Eddie Lampert, former CEO of Sears Holdings and current chairman of Transform Holdco, which bought his former company’s assets, thinks he is being unfairly criticized by Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez. The two Democrats have accused Mr. Lampert of backtracking on written promises made to Sen. Warren over severance coverage of workers who lost their jobs in Sears Holdings’ bankruptcy. Mr. Lampert claims the accusations made against him are “false” and the politicians should butt out. “This is entirely an issue between Old and New Sears,” he wrote in a new letter to Sen. Warren.
Recent News
Wegmans Confirms New Store in Charlotte, North Carolina
Wegmans Food Markets, the popular New York-based supermarket chain, has confirmed its plans to open a new store in south Charlotte.
Free Coffee at Wawa’s 60th Anniversary Celebration
Wawa, the convenience retail store chain, is marking its 60th anniversary with a special treat for coffee consumers. On Tuesday, April 16, customers can enjoy a free cup of coffee in any size to celebrate the milestone.
Tesla Lays Off Over 10% of Workforce
Tesla announced significant layoffs on Sunday night, affecting over 10% of its global workforce. Some employees discovered they were laid off when their badges failed to grant them access to company facilities.
Rising Inflation Concerns Rattle Markets and Policymakers
Inflation is on the rise, catching many by surprise as prices climb stubbornly higher. Markets, investors, and economists alike are grappling with the unexpected inflation pressures that have marked the start of 2024.