Creditors Say Edward Lampert Reaped Billions but Left Sears Insolvent

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Creditors Say Edward Lampert Reaped Billions but Left Sears Insolvent
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Sears Chairman Edward Lampert and his hedge fund deployed stock buybacks, spinoffs and dividends to rake in billions of dollars while stripping the company of assets and cash, according to an investigation by the retailer’s creditors

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