5 CEOs that Truly Deserve to be Fired

Edward Lampert, Sears Holdings

Lampert is the Chairman and not the CEO but there is no doubt who calls the shots at Sears.  And as Lampert has called the shots, he’s missed every target. The moment Lampert took over Sears, the most critical force in retailing became wholly irrelevant. Brands like Craftsman, Kenmore and Diehard were expected to turn around the struggling giant; the stock initially took off rising from $30 in 2004 to $170 in 2007 as Jim Cramer of “Mad Money” fame whipped the stock over and over on his rent-a-thon show.  But when it was clear results were constantly worsening, as revenues and same-store-sales kept declining, the stock fell out of bed dropping into the $30s in 2009 and again in 2012. Lampert has destroyed Sears. The stock price of the company is based upon speculation of asset sales.