“When you are leading a large organization, you need to lead by example and appreciate that this includes having targets that generate value, not simply targets that can be easily hit.”
— Sears Chairman Eddie Lampert from his annual letter to shareholders, posted on Sears’ web site Thursday. The good news: Sears reported a fourth quarter profit of $190 million, beating analyst estimates. The bad news: That’s a 55% drop from $426 million a year earlier. The stock jumped 8% in early trading but lost ground and closed down 1% at $35.54. –Jessica Shambora
