*JOHN J MACK*
(morgan stanley CEO)
(2005 – 2010)
(succeeded by the australian ‘james gorman’)
(born ’17 november 1944′)
(of lebanese extraction)
(‘mack’ –> / ‘makhoul’)
(via ‘north carolina’)
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*MICHAEL S JEFFRIES*
(‘abercrombie + fitch’ CEO)
(1992 – 2014)
(born ’15 july 1944′)
(oklahoma)
(openly gay)
(although he was once married and has a son)
MICHAEL S JEFFRIES
(born July 15, 1944)
the Chairman and Chief Executive Officer of the lifestyle brand and company, Abercrombie & Fitch Co.
| Contents [hide]1 Early life2 Abercrombie & Fitch Co.3 Personal life4 References5 External links |
Early life
Michael S. Jeffries was born in 1944, and grew up in Los Angeles, California where his father owned a chain of party supply stores.
y the age of 12 his father was allowing him to choose the merchandise for the stores’ toy departments. A
fter high school, Jeffries attended Claremont McKenna College and received an MBA from Columbia Business School.
In 1968, Jeffries joined the management training program at Abraham & Straus, a now-defunct New York department store.
During this time Jeffries worked along with Allen Questrom (of J.C. Penney) and Millard S. Drexler (the previous CEO of Gap Inc., who now works at J. Crew).[1]
In 1980, Mike Jeffries founded Alcott & Andrews, a brand targeted at career women. The brand was initially successful, although in 1983 it fell into bankruptcy due to over-expansion, and closed. Afterward, Jeffries took a high position at Paul Harris, a Midwest clothing chain.
Abercrombie & Fitch Co.
Further information: Abercrombie & Fitch
The chain store design in the early 1990s.
The logo of the new A&F.
Jeffries was hired by Leslie Wexner (CEO of Limited Brands, then named The Limited) to invigorate Abercrombie & Fitch.
The company, founded in 1892, had been purchased by Limited Brands in 1988 after suffering from bankruptcy.
Jeffries is considered to have been the main creator of the new look for the company, saying that he wanted A&F to “sizzle with sex”.[1]
It was carefully rebuilt as an upscale apparel retailer for the collegiate,[1] and by the mid-1990s the success of the chain store concept had enabled Abercrombie & Fitch to open dozens of new stores.
By 1996, Limited Brands was no longer heavily involved with the company, and eventually left it under the management of Jeffries.
Since then, Jeffries has retained complete control over every aspect of the company, from clothing designs to the positioning of in-store fixtures.[citation needed]
During this time, A&F has offended groups as diverse as the feminist movement and the American Decency Association, and has attracted a fair number of other controversies and lawsuits.[1]
An outspoken leader, Jeffries has been quoted making statements in the press that are considered controversial[2]
Jeffries is Chairman and CEO of a multi-billion dollar company.
In 2004 he made approximately $25 million USD with a “stay bonus” of $6 million USD, which dropped from $12 million after a controversy involving his “excessive compensation”.[1]
After surveying 2,000 U.S. corporations, The Corporate Library named Jeffries as the “Highest Paid Worst Performer” of 2008, after he received a compensation package valued at $71.8 million.[3]
Jeffries refused to lower prices or offer discounts at Abercrombie & Fitch stores during the retail recession until September, 2009, after the company posted same store sales losses for 17 consecutive months[4]
Jeffries employment agreement was set to expire December 31, 2008.[5]
On December 22, 2008, A&F corporate announced that it had renewed its employment agreement with the Chairman and CEO.[5]
It is set to expire on February 22, 2014.[5]
Personal life
Jeffries is separated from his wife, and has a son, Andrew Jeffries, who is currently working in hotel development. Jeffries lives in Bexley, Ohio and The Hamptons, New York
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(a chief executive officer (CEO) describes the position of the most senior corporate officer, executive, leader or administrator in charge of managing an organization)
(CEOs lead a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (e.g., ‘crown corporations’))
(the CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the entity, which may include maximizing the share price, market share, revenues, or another element)
(in the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization’s mission, such as reducing poverty, increasing literacy, etc)
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(titles also often given to the holder of CEO position include president, chief executive (CE) and managing director (MD))
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*👨🔬🕵️♀️🙇♀️*SKETCHES*🙇♂️👩🔬🕵️♂️*
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💕💝💖💓🖤💙🖤💙🖤💙🖤❤️💚💛🧡❣️💞💔💘❣️🧡💛💚❤️🖤💜🖤💙🖤💙🖤💗💖💝💘
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*🌈✨ *TABLE OF CONTENTS* ✨🌷*
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🔥🔥🔥🔥🔥🔥🔥*we won the war* 🔥🔥🔥🔥🔥🔥🔥