Comments on: Say Goodbye to Gap Inc. CEO Paul Pressler

By: Please Gap Inc. (GPS), Spin-Off Something!

Please Gap Inc. (GPS), Spin-Off Something! — Fri, 30 Mar 2007 04:27:56 +0000

[...] have continued well into 2007 as interim CEO Bob Fisher scrambles to save the company. Since the departure of former CEO Paul Pressler, The Gap has performed the following cleanup activities: Leadership changes. The company’s board [...]

By: Jim Wellington

Jim Wellington — Tue, 13 Mar 2007 22:38:20 +0000

Paul Pressler did not fit the image or culture of the GAP, and never understood it. They tried to dumb him down, make him less classy, putting him in GAP clothes to project a trendy image – but it flopped.

I saw him at Disneyland once, a dapperly attired corporate executive: Impeccable pinstriped business suit, silk tie perfectly tied, crisp white shirt, fancy black wingtips polished like mirrors, every hair in place. He even went on a ride dressed to the nines! Corporate, slick, smart and uptight.

It was foolish to force this natty clothes-horse to trade in his Italian suits and silk ties and cufflinks and put on GAP jeans and tee shirts and try to be something else. They even forced him to take off his Gucci wingtips too and walk around in flip-flops, like a true slacker. Why? Who was impressed? A barefoot Paul Pressler? He WAS dumbed down: he lost his “smarts” along with his shoes and socks. He never understood the company or its market.

No wonder it didn’t work out.

By: TAM Money and Finance » Pressler Leaves as Gap CEO

TAM Money and Finance » Pressler Leaves as Gap CEO — Tue, 23 Jan 2007 13:46:20 +0000

[...] Someone’s happy. Paul Pressler, CEO of The Gap (GPS), agreed to leave the company after four years of same-store sales declines and no spark from the mall monster. The company praised Pressler for his work that “strengthened its balance sheet, greatly enhanced its on-line presence across the brand portfolio and improved its standing as a global corporate citizen.” It’s the sales that forced him to leave. Don’t feel sorry for Pressler. The Gap will pay him $14 million in total compensation in the next two years. [...]

By: Sean Hackbarth

Sean Hackbarth — Thu, 11 Jan 2007 06:20:00 +0000

Pressler still has his job while a couple execs left. I wonder what he said to the board. Or else the directors are just biding their time waiting for Goldman Sachs to get a deal put together.

By: TAM Money and Finance

TAM Money and Finance — Thu, 11 Jan 2007 06:17:06 +0000

Gap Execs Go Bye-Bye…

In a follow up to the post on The Gap’s (GPS) troubles the retailer announced some personnel changes:
Gap announced the departure of Denise Johnston, the president of Gap Adult who joined the company in April, and Ivy Ross, executive vice presi…