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Article: WHY YOU DON'T WANT THIS GUY'S JOB; Sears' Alan Lacy lost his board and his company. Now he has the boss from hell. He won't stay long.(News)
- Article from:
- Crain's Chicago Business
- Article date:
- April 4, 2005
- Author:
CopyrightCOPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: STEVEN R. STRAHLER
Alan J. Lacy's tenure as CEO and vice-chairman of Sears Holdings Corp. is likely to be shorter than his five-year employment agreement.
Much shorter.
Mr. Lacy was front and center as Sears, Roebuck and Co.'s shotgun merger with Kmart Holding Corp. was sold to Wall Street and Sears employees.
But in the coming months, life at the merged Sears Holdings will get much tougher for Mr. Lacy. Pressure for improved results will quickly mount from controlling shareholder and Chairman Edward Lampert, Mr. Lacy's management responsibilities will shrink as businesses and jobs are shed and his allies from the former Sears ...
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Article: LACY: CHANGES IN STORE FOR SEARS.(Alan ...
HFN The Weekly Newspaper for the Home Furnishing Network;
March 14, 2005 ;
700+ words
... ... Arthur Zaczkiewicz NEW YORK-Alan Lacy, Sears, Roebuck & Co.'s chairman ... videotape sent to managers last week, Lacy urged Sears shareholder-employees to vote "yes ... paper," he said. Caption(s): Sears CEO Alan Lacy
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