With Eisner Exiting in 2006, Disney Rumor Mill Heats Up
NEW YORK — He’s two years away from retiring, but there’s already speculation about who could succeed Michael Eisner as chief executive of The Walt Disney Co. And two big players in the apparel world are on the list — Gap chief...
NEW YORK — He’s two years away from retiring, but there’s already speculation about who could succeed Michael Eisner as chief executive of The Walt Disney Co. And two big players in the apparel world are on the list — Gap chief executive Paul Pressler and Margaret Whitman, ceo of eBay Inc.
Eisner said Friday he will step down from his post on Sept. 30, 2006, when his contract expires. He celebrates his 20th anniversary with Disney this month. In his letter to Disney board members, Eisner endorsed Disney president Robert Iger as a potential successor.
However, the board also has the option to look outside the company. Pressler was chairman of Disney’s global theme parks and resorts division prior to joining Gap in September 2002.
According to a September 2002 filing with the Securities and Exchange Commission, there doesn’t appear to be any provision that would bar Pressler from heading back to his old stomping grounds. The Gap employment agreement runs from Sept. 25, 2002 through Sept. 25, 2007. There are contractual restrictions pertaining to “other employment or compensation” while Pressler remains an employee of Gap. However, there is no provision that would penalize Pressler should he choose to leave Gap before the end of his employment agreement. The agreement specifies that, should Pressler resign, Gap compensation and benefits would cease on the effective date of his resignation.
“It’s highly logical that a company that knows him and helped him develop his skills and talents would be interested in looking at him again,” said Arnold Aronson, managing director of retail strategies at Kurt Salmon Associates. “He’s done a credible job at Gap.”
A Gap spokeswoman said, “We don’t comment on speculation.”
Regarding Whitman, “Meg has repeatedly said that she has the best job in the world,” said a spokesman for eBay. “She loves eBay and she has no plans to leave.”
Whitman has been on Gap’s board since September 2003 and serves on two committees, compensation and management development, as well as grievance, nominating and social responsibilities. Perhaps Pressler will recommend her for the Disney job, if he doesn’t want it.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast