Wisdom From The Top with Guy Raz cover image

Gap: Mickey Drexler

Wisdom From The Top with Guy Raz

CHAPTER

The First Year and a Half at Gap

As the president, was morale okay? I mean, the company was still profitable, not extremely profitable, but it wasn't losing money. Did people have a sense that there was a crisis or did it seem okay? You know, it is always the sense that those who were there didn't realize it was a crisis. But Don knew it was arisis and I knew it wasA crisis. And that was all that really mattered. In the first year that you took it over, profits fell from 20 million dollar profit to 12,. Which is not right, because there were decisions made before you got there that would happen.

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