Word: pressler
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When the retail world's bright lights gathered Jan. 15 at investment bank Financo's annual dinner in New York City (a can't -miss annual event for the apparel crowd), the gossips, according to Fortune.com, had one juicy no-show to chatter about: Where was Gap CEO Paul Pressler? Fashion insiders had been numbering Pressler's days for months. And sure enough, after nearly two years of limping sales and yet another holiday season in which the Gap's big idea (more hoodies?) drew yawns from shoppers, Pressler agreed a few days later to step down...
Perhaps it was just too much of a good thing. When Pressler joined Gap as CEO in 2002, he took over the reins of an unwieldy empire, home to the Gap, Old Navy and Banana Republic brands. The kingdom had become so enormous--$16.3 billion in sales at its peak, with 2,994 stores--that the only way for Gap to keep growing was to push clothes with broad appeal that could sell millions and millions of units. But once everyone had bought a pair of khakis, a white button-down and a few pocket Ts, what next? Pressler...
What do Larry Summers, Gap CEO Paul Pressler, and personal computer mogul Michael Dell all have in common? Pressler may be better dressed, and Dell, with a net worth estimated at $17.1 billion, is a whole lot wealthier than the former Harvard president. But all three men have made BusinessWeek magazine’s “worst of” 2006 list. In its current issue, the weekly says Summers, who jumped from Treasury secretary in the Clinton White House to the top job at Mass. Hall, is the “worst crossover” of the year...
...several Duke men’s lacrosse players after being hired as a stripper at a team party. The story filled national news broadcasts and occasioned protests in Durham, igniting friction between Duke and its surrounding community. In the wake of the allegations, the school fired its coach, Mike Pressler, and suspended the rest of the season. Three players currently await trial in the case.It was in the aftermath of the highly-charged and much-publicized Duke fiasco that Harvard ran through spring drills and, soon after, was involved in two minor incidents of its own. After the team?...
...does now at Duke, where two sophomores have been charged with rape, and the future of the men's lacrosse program is questionable at best. The university faced harsh criticism for not responding quickly enough to the allegations, and then for responding too quickly after lacrosse coach Mike Pressler's resignation and the cancellation of the team's season...