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Who is Edward Lampert? The hedge fund billionaire survived kidnapping and Kmart. Then came Sears.

Billionaire investor and former Sears chairman and CEO Edward “Eddie” Lampert, 56, seemingly had a golden touch before presiding over the storied retailer’s descent into bankruptcy.

A Yale graduate whose college roommates included future U.S. Treasury Secretary Steven Mnuchin, Lampert cut his teeth...



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