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  1. #1

    • Darkbeer
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    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?
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  2. #2

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

    (nelson voice ) ha ha

  3. #3

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    • Minion
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    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...
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  4. #4

    • Former Epcot CM
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    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.
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