Paul Krugman Kicks Lampert While He’s Down

Paul Krugman is on the attack after reading Mina Kimes’ profile of hedge fund billionaire Eddie Lampert in Bloomberg Businessweek, whose management strategy is being blamed for Sears Holdings Corp (NASDAQ:SHLD)’s declining fortunes. Paul Krugman focuses on the bizarre annual meetings that pit division heads against each other in a battle for resources. Lampert’s New Model Structure for Sears When Lampert first organized the merger of K-Mart and Sears Holdings Corp (NASDAQ:SHLD) in 2005, both companies were already doing poorly. After years of poor performance, Lampert decided to try something new and modeled the management structure of Sears Holding after a hedge fund,…