He may get his biggest personal conquest upon receiving the check but professionally he will have a long way to recover. He may not care.
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GVR will be known for poor results, bankruptcy, flaunting his personal funds and holdings while having layoffs ( magazine article ) taking care of his personal portrayal.
His board fell for his answers as to why things were not going well and they bit into his cost cutting aka layoffs due to his leadership steering the financial ship into the icebergs.
He will get his biggest personal conquest when he gets the sale check upon the closing sale.
No fans of GVR on this post!
Anyone else wonder how engaged he will be until this is done? He wasn't all that engaged before unless he had a camera in front of him.
"We believe this is a proactive choice in an evolving retail landscape that will create value for our customers and brand partners." He forgot himself. He will make millions of dollars. As will his selected minions. There's no value for anyone else - merchant group will be lit up with layoffs. Stores, despite assurances, will not all remain open. And the list goes on.
What he really means: I will make a lot of money. And we had no other choice but to sell because we were failing. He's been the CEO for over six years. We didn't fail. He failed us.
He loves his money. But he and his massive ego can't stand being a simple afterthought in the announcements. CEO of the most storied luxury retailer in the US and he couldn't deliver.