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Horrible Bosses – The Worst 5 CEOs of 2013

Proof that you don't need brains or talent to become the boss

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1. Sears CEO Eddie Lampert

eddie-lampert-sears-ceoEvery change Ron Johnson made as the JCPenney CEO may have been equivalent to throwing gasoline on a burning fire … but it’s not as if he accepted the role with the intent of breaking the company up just because it made mathematical sense to do so.

It’s not clear if the same can be said of Eddie Lampert. He has been systematically selling off even  some of the most profitable stores within the Sears Holdings (SHLD) chain.

Sure, there are still more than 2,000 stores remaining … but since 2010, about 300 Kmart and Sears stores have been shuttered, sold or not had their leases renewed. The end result is 27 straight quarters of declining sales. And there’s no end in sight to the deteriorating top line, considering the turnaround plan for this Sears CEO has largely been one of shrinking the company to success.

Under Lampert’s guidance, the 120-year-old retailer — and cultural icon — may have been weakened beyond salvaging.

As of this writing, James Brumley did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

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