November 6, 2016
Sears’ Edward Lampert Is the Most Hated CEO in America
Lampert has received a base salary of $1.00 in each of the past three years.
Assuming at least 2,000 hours worked per year, the most hated CEO in America is earning at most just 1/20th of a penny per hour to drive the company and its employees into the ground. What a sweatshop!
Still, his total annual compensation, which comes mostly from stock awards, has been at least $4 million since 2013, peaking at $5.7 million in fiscal 2014.
Enough to live on? Oh, please. That's barely enough to pay for one engagement ring!
From the comments:
Retail stores are dead anyway. Lampert is positioning the holding company for long-term success similar to what Warren Buffett did with Berkshire Hathaway, a failing textile mill back east. Lampert doesn't care what people think, nor should he. The shareholders are benefiting in spite of the negative news. In the long run, the owners will be very wealthy indeed. Retail is going the way of the buffalo. Wise up and get on with your life instead of crying and demonizing this man. Americans quit burning witches at the stake a couple hundred years ago. Quit crying in your soup and grow a pair. Survival of the fittest. If you don't like it, move to China or Russia and live with the socialists and communists. We'll see how that works for ya. - GoodWalkSpoilt
Demonizing this man? Burning witches at the stake? Crying in my soup? Heavens no! We need to take pity on him! Let's start a GoFundMe "Save the Lampert" campaign!! ;)
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