CEO of Gap, Inc., Paul Pressler, was fired after several seasons of poor sales, even though stock was up, apparently (I don’t know, for I know someone who’s stock dropped to $7 [and the fee to sell was higher]!).

What are your thoughts? Why did this happen? Is Gap looking to make huge changes?

I’m wondering, is Old Navy’s marketing guy/girl going to get the sack for their TV spots?

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