Eddie Lampert Superhero

Eddie Lampert needs no introduction to regular readers of UTC.  His investment prowess is the stuff of legend...and his interests in Kmart and later Sears, Roebuck formed a retailing colossus. Of course, it was his escape from kidnappers that cemented his fame.  Andy Serwer pretty much summed up the incident in an appearance on the now defunct Wall Street Week

He was always a private, very secretive even kind of guy, and this was just accentuated dramatically. In January of 2003, last year, four thugs kidnapped Lampert in his parking garage in that suburban Connecticut business park where he works. They gagged him, bound him up, threw him in the back of a Blazer, drove him up Route 95 in Connecticut up to New Haven, and they put him in a Days Inn, a cheap hotel outside of New Haven, put him in the bathtub and threatened to kill him if he didn’t pay them ransom money. He was terrified. He thought he was going to die. And he somehow talked his way out, and they also then tracked the kidnappers, because the kidnappers used his cell phone, Lampert’s cell phone and credit card to order a pizza. So there is a little bit of an element of preposterousness. But you know these guys, these kidnappers are very scary. They typed into Google, say, you know, richest person in Connecticut, and Eddie Lampert’s name came up, and they tracked him down.

Idol Worship is one of the few constants on Wall Street....and Eddie is always in vogue. We believe the following video chronicles Eddie, trading under the pseudonym “Mr. P”, interacting with his head trader Stewart as they buy a block of Kmart stock early in their accumulation of the shares.

This rare archival footage is of major historical significance and should be of interest to all the foot soldiers in Eddie’s Army.

No relation to Arnie’s Army

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