According to people that have knowledge of the encounter, Ford’s soon to be retired CEO Alan Mulally had meetings with Sears Holdings Corp’s Eddie Lampert.
The Sears controlling shareholder is said to have met with Mulally sometime earlier this year, and according to the two sources he sought tips on how to spawn a turnaround for the troubled retailer. According to the two people, Lampert, who is a billionaire hedge fund manager, went to Ford’s headquarters either in February or March to see Mulally – although from now the account differs.
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