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Sears' CEO Just Gave The Company Another $100 Million Lifeline - Presented by: The Aol. On Network

Sears had to borrow money again. According to a new filing with the Securities and Exchange Commission, CEO Eddie Lampert leant the corporation $100 million from his hedge fund and its affiliates, ESL Investments. Over the last two years, Lampert and his hedge fund have loaned Sears close to $2 billion to keep the business in operation. The retailer's financial hardship is the result of declining mall traffic and growing e-commerce competition.



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