Word: pressler
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...been talking about “traders," not “bankers"—a fact that would have been made abundantly clear by a cursory glance at the sentence preceding or following the quote. To get the scoop, we called the author of the post, Jessica Pressler of New York Magazine...
...Realists now accept that the "comply-or-die" model can actually hurt workers and damage the chances of building lasting partnerships with factories. "We thought monitoring was the answer, but we've learned the hard way that it isn't," Gap's then CEO Paul Pressler conceded in 2005. "Almost no factory is in compliance with our standards." As a result, the goal for many firms is no longer perfection, but more nuanced policies and a gradual raising of standards. Traditionally, Gap pulled out of factories in which it discovered child labor. Two years ago, it revised that policy...
...Crew with a down-and-out story of his own, having weathered a two-year slump and ouster at Gap, the company he built into a $14 billion icon over 19 years, most spent as president and ceo. Today, while Gap flails--in January it got rid of Paul Pressler, the CEO brought in to replace Drexler--J. Crew, with only 226 stores, is one of few companies in the overdeveloped specialty-apparel arena with the potential for real growth...
...hope that something strikes large in the company," he says. Perhaps it will be Pressler. MobiTV outsourced the design of a demo it needed for a consumer-electronics show, and over two months the Manhattan-based firm that got the job produced many designs. But one that Pressler did for another product beat them all. "That was my shining moment thus far," he says...
Seated in his cubicle, flanked by a succulent cactus and a miniature wooden mannequin (today posing as Frankenstein), Pressler says he will stick around for a while, and then perhaps find another hot ticket. "'A while' used to mean 10 years," he says, reflecting on his answer. "It's two to four years in these parts. The pace is accelerated in Silicon Valley...