Announcement

Collapse
No announcement yet.

Is Paul Pressler a "Dead Man Walking"? - Fortune Magazine

Collapse

Ad Widget

Collapse
This topic is closed.
X
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Is Paul Pressler a "Dead Man Walking"? - Fortune Magazine

    http://money.cnn.com/2006/04/04/news..._f500_fortune/


    The stock, after initially rebounding under Pressler from $10 a share to $25, has since drifted back down to $18. Same-store sales have declined for 18 of the past 21 months. By summer 2005, Pressler was referred to as "DMW," or "dead man walking," in the private-equity community.

    The Gap board declined to pay Pressler a bonus in 2005, and director Meg Whitman of eBay (Research), who recommended him for the job and whom Pressler considers a strong backer, has announced she will step down when her term expires in May. (Whitman declined to comment.)

    Members of the Fisher family own at least 37 percent of Gap Inc. stock. As long as they support Pressler -- which chairman Fisher insists they do -- the CEO is secure. Still, the question remains: Is a numbers guy from Disney the right person to lead Gap out of fashion limbo?
    Check out my Theme Park Photos at http://darkbeer.smugmug.com

  • #2
    Re: Is Paul Pressler a "Dead Man Walking"? - Fortune Magazine

    (nelson voice ) ha ha

    Comment


    • #3
      Re: Is Paul Pressler a "Dead Man Walking"? - Fortune Magazine

      What is really interesting about the story is that Meg Whitman recomended him for the job... Which is how he got it... Do the math...
      Check out my other blog:

      Comment


      • #4
        Re: Is Paul Pressler a "Dead Man Walking"? - Fortune Magazine

        I liked Meg Whitman until I found out about this. I was actually rooting for her to be the next Disney CEO until Iger got it. I'm glad I was wrong.
        BACKPACKING REALNESS

        DISNEY TRIPS
        October 2000 - Walt Disney World Resort
        October 2001 - Walt Disney World Resort
        April 2002 - Disneyland Resort Paris
        October 2003 - Walt Disney World Resort
        October 2004 - Walt Disney World Resort
        October 2005 - Walt Disney World Resort
        October 2007 - Walt Disney World Resort
        December 2008 - Walt Disney World Resort
        July 2009 - Disneyland Resort Paris
        July 2011 - Disneyland Resort California
        July 2012-13 - UK Cultural Representative Cast Member at Epcot
        February 2013 - Disneyland Resort California
        February 2013 -Tokyo Disney Resort

        (VERY OLD!)
        TRIP REPORTS

        Comment

        Ad Widget

        Collapse
        Working...
        X