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"Clearly we've had a tough and disappointing second quarter, " said Millard Drexler, Gap president and chief executive.
BBC: Gap shares slide
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In 1993 Chief Executive Millard Drexler rolled the dice with Old Navy, since opening 450 big, boisterous stores filled with cheap, almost disposable clothes.
FORBES: Beyond Burgers
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Other executives up for bid include Millard Drexler, CEO of J.
FORBES: What A 'Power Lunch' With P. Diddy Will Cost You
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Founded on a shoestring in the 1970s by a California husband-and-wife team, Gap became a high-profile success story, and enjoyed rapid growth under the leadership of retailing maverick Millard Drexler.
FORBES: Gap's On Sale
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In a car ride downtown last October, Rosen is chatting with Millard "Mickey" Drexler, chairman and CEO of J.
WSJ: A Homegrown Fashion Mogul