By and  on December 9, 2013

Time appears to be running out for Edward S. Lampert.

Lampert is chairman and chief executive officer of Sears Holdings Corp. and chairman of ESL Investments, which holds a 48.4 percent stake in Sears. Last week he faced a blow when Goldman Sachs pulled $3.5 billion out of ESL, cutting the funds ESL has under management by more than 60 percent and, as a result, reducing his stake in Sears to below 50 percent since part of the payout was in Sears stock.

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