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
TikTok Suspends TikTok Lite Rewards Program in the EU
A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the social media site.
FCC Votes To Restore Net Neutrality Rules
The Federal Communications Commission (FCC) voted 3-2 on Thursday to reinstate net neutrality rules that were rolled back during the Trump administration.
Blackstone To Buy Tropical Smoothie Cafe
Alternative asset manager Blackstone is set to buy the restaurant chain Tropical Smoothie Cafe.
Ford’s Total EV Sales Post $1.3 Billion Loss in Q1
Ford’s EV division, known as Model e, faced a tough start to 2024.