Gap CEO Mickey Drexler to retire as CEO of Gap Inc
Gap Inc President Millard Drexler announced plans to retire as chief executive after a two year sales slump. He will stay on as president and CEO until a replacement is found, with the board aiming for summer. Analysts say the move may reflect deeper problems beyond stock fashion missteps.
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Mickey” Drexler
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Richard Jaffe
UBS Warburg
Jaffe
Fisher
The
Target
Wal-Mart
Panel probes Bell Labs misconduct claims with Nobelist panel
An independent five member panel led by Stanford physicist Malcolm Beasley probes allegations of data irregularities tied to Bell Labs research on molecular electronics and single molecule transistors. Lucent says external review followed tips from an outside researcher.
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N.J
Bell Labs
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The
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Nature
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Stanford
School of Humanities and Sciences
Accountant testifies on Enron documents destruction at meeting
Patricia Grutzmacher 32 an Arthur Andersen accountant testified that her boss stressed not to shred a bunch of documents but to follow the firm retention policy during a hastily called Oct meeting. She said the SEC inquiry into Enron was discussed and that her supervisor Thomas Bauer urged compliance within the policy.
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Steel workers seek health benefits linked to imports
Trade stalemate leaves a steel worker health benefits provision short of a 60 vote threshold by 4 votes. Rockefeller argues steel industry victims need relief while Daschle and Republicans seek to finish the trade bill amid linked amendments on housing aid and tariffs.
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TV hosts shifting as Rosie O'Donnell exits the scene
Paratore recalls her hotel room pact and O'Donnell's five year vow before leaving to raise a family. O'Donnell rejected a two year renewal offer of absurd wealth. Caroline Rhea and Ellen DeGeneres are set to replace her, with Wayne Brady eyed as a potential successor.
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Gas ton County explores alliance with new chamber division
Chamber leader details a proposed executive director role with 10 years experience and a 35 to 50 percent time commitment to economic development. The plan could involve using a professional search and paying an agency a portion of salary. Resources from state chambers may assist.
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Gaston County Economic Development Commission
New Chamber
Dave Richeson
Cookson
EDC
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