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Sears Ex-CEO Saw Compensation Fall Nearly 90% Last Year

Former Sears Holdings Corp. (SHLD) Chief Executive Louis D'Ambrosio saw his compensation package fall nearly 90% last year, to $1.3 million, according to a proxy filed with the Securities and Exchange Commission.Mr. D'Ambrosio, who also held the title of president and left the company last month, received a base salary of $931,000, down from $1 million the prior year. He received no stock awards after getting $8 million worth the prior year.Mr. D'Ambrosio received no bonus after receiving $150,000 the prior year.Mr. D'Ambrosio served as chief executive and president from February 24, 2011 through the close of business February 1, 2013, the start of Sears's new fiscal year.His title was taken by Edward Lampert, the billionaire hedge-fund manager who controls Sears. Mr. Lampert, as is his habit, took no compensation last year.Results for the fourth quarter, which ended Feb. 2, showed the company was still in need of shoppers. Sears recorded a loss of $489 million, or $4.61 a share, for t...

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  1. Lampert Adds to Stake in Sears; Shares Rise

    Hedge fund billionaire Edward S. Lampert added to his stake in Sears Holding Corp. (SHLD), sending shares higher roughly three weeks before he takes the helm as chie...

  2. Wall Street slips as earnings season gets under way

    Stocks fell on Tuesday, retreating from last week's rally on the "fiscal cliff" deal in Washington, as companies started to report results for the fourth quarter.Aft...

  3. MARKET SNAPSHOT: U.S. Stocks Drop With Earnings Ahead

    U.S. stocks fell for a second session Tuesday as investors braced for quarterly earnings after a rally that took the S&P 500 to multiyear highs."The outlooks are goi...

  4. Wall Street indexes slide, AT&T down

    Stocks dropped on Tuesday as investors pulled back from last week's rally on the "fiscal cliff" deal in Washington, and ahead of what is expected to be a weak earnin...

  5. Wall Street declines as earnings clarity awaited

    Stocks declined on Tuesday as the market continued its retreat from last week's rally on the "fiscal cliff" deal in Congress as investors awaited the start of the ea...

  6. Wall Street loses ground as earnings season starts

    U.S. stocks fell on Tuesday as the market consolidated from last week's rally on the "fiscal cliff" deal in Congress and investors awaited the start of the earnings ...

  7. Stocks Record Moderate Losses For Second Day

    The U.S. stock market traded lower for the second day in a row on Tuesday. It was another slow day for macro news and overall volume was light. The losses were conta...

  8. MARKET SNAPSHOT: U.S. Stocks Trade Lower With Earnings Ahead

    U.S. stocks on Tuesday extended losses into a second session as Wall Street looked to quarterly results from Alcoa Inc., with the aluminum producer expected to repor...

  9. Signet Up On Holiday Sales; GameStop, Sears Drop

    Signet Jewelers shares surged 8.2% after the jewelry retailer raised its fourth-quarter outlook on a 3.3% holiday same-store sales increase. AutoNation Inc. rose 1.4...

  10. Sears says CEO to step down in early February

    Sears Holdings Corp said Chief Executive Louis D'Ambrosio will step down for family health reasons after the U.S. retailer reported a 1.8 percent decline in quarter-...

  11. Sears CEO D'Ambrosio To Step Down; Sees Q4 Loss

    Sears Holdings Corp. said late Monday that Louis D'Ambrosio will step down as the retailer's chief executive for family health reasons at the end of the current fisc...

  12. Sears CEO to Step Down in February

    Sears Holdings Corp said Chief Executive Louis D'Ambrosio will step down for family health reasons after the U.S. retailer reported a 1.8 percent decline in quarter-...

  1. Sears Jumps After Lampert Adds To Stake

    Sears Holdings Corp. jumped 4.8% Tuesday after its Chairman and Chief Executive Eddie Lampert, whose ESL Investments is a majority shareholder of the company, bought...

  2. Sears CEO Lampert Buys Another 1.24M Shares

    Shares of Sears (NASDAQ:SHLD) ticked higher early Tuesday after the retail chain's chairman and newly-named chief executive, Edward Lampert, disclosed buying $54.96 ...

  3. Retailers, Consumers Are Facing Difficult Times

    Whether induced by the economy or self-inflicted, retailers' fourth-quarter results brought front and center issues that will continue to plague the sector well into...

  4. Sears Tops 4Q Views Even as Revenue Slips

    Sears Holding (NASDAQ:SHLD) beat the Street on Thursday by narrowing its fourth-quarter loss despite continued revenue contraction.Shares of the parent of Kmart and ...

  5. Sears Chairman: Company Seeing Progress But Work Remains

    Sears Holdings Corp. (SHLD) is making progress in its efforts to be thought of a destination for shopping, not a repository for unwanted merchandise, Chairman Edward...

  6. Sears's Loss Narrows on Absence of Tax Expense

    Sears Holdings Corp.'s (SHLD) fiscal fourth-quarter loss narrowed as the retailer benefited from comparison with a year-ago quarter bogged down by a huge income tax ...

  7. Eight Retailers Poised to Close the Most Stores

    It is the time of year again, when America's largest retailers release those critical holiday season figures and disclose their annual sales. A review of these numbe...

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