Amazon.com’s Jeff Bezos and Michael Kors Holdings Ltd.’s John Idol both found a home on Sydney Finkelstein’s first list of best chief executive officers of the year.
Finkelstein, professor of management and associate dean at Dartmouth’s Tuck School of Business, has long issued an annual worst ceo’s list. This year, both former J.C. Penney Co. Inc. chief Ron Johnson and Sears Holdings Corp. ceo Edward S. Lampert qualified for worst-of mentions.
In an interview Webcast on Yahoo, Finkelstein cited Bezos’ “unbelievable focus on customers” and “nonstop innovation” for his selection as the best ceo of the year. The educator also pointed out that Bezos is setting Amazon on a collision course with the fashion industry, which Finkelstein considers “rife for disruption….No one is better at it than Amazon.”
Citing Michael Kors’ successful initial public offering two years ago and stock appreciation since, Finkelstein credited Idol with bringing the company “open-mindedness, debate and discussion” and an ability to “break down the silos” in plotting the company’s course.
The other outstanding ceo’s for the year were Akio Toyoda of Toyota and Pony Ma of Tencent in China.
Johnson took second place to Eike Batista of Brazil’s EBX/OGX/OSX among the list of worst ceo’s. He was described by Finkelstein as among the worst ceo’s of the decade for making the fatal mistake of thinking that, as was the case with Johnson’s stewardship of Apple’s retail operations, there was no need to discount because people “are in line for your products.”
“It’s almost like he fired his customers,” Finkelstein said.
Lampert was faulted for following “a classic financial strategy at Sears” in which one cuts costs, sells off assets and then buys back stock. He acknowledged that Sears’ real estate still has value but that, with the stock off 70 percent from its highs of a few years ago, there’s no advantage in buying it back.
He referred to Lampert as “the anti-Mickey Drexler,” contrasting the Sears ceo’s lack of understanding of merchandising, his customers and of “how to manage the stores” with the superior instincts and insights of the J. Crew Group Inc. ceo.
Thorsten Heins, now ousted ceo of Blackberry Ltd., qualified as the third worst ceo in Finkelstein’s ranking, between Johnson and Lampert.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)