Sears stock plummeted Wednesday as news came out that Edward Lampert, its stubborn billionaire chairman and CEO, had to surrender majority control of the 120-year-old big box retailer when investors in Lampert's hedge fund pulled money out.
Lampert trims Sears stake to under 50 percent
Lampert Cuts Sears Stake Below 50% as Fund Clients Redeem
San Francisco Chronicle
Related articles »