Michael S. Jeffries
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Michael S. Jeffries
Michael Stanton Jeffries (born ) is an American businessman who served as CEO of clothing retailer Abercrombie & Fitch from 1992 to 2014. During Jeffries' tenure, Abercrombie & Fitch grew from a "fashion backwater" losing $25 million yearly to a lifestyle brand grossing $2 billion yearly by 2006. Despite Jeffries' success, he received significant criticism for using semi-nude models in his company's advertising, selling clothes with racially and sexually off-color slogans, and his candid stance that Abercrombie & Fitch markets solely to the "cool kids." Early life Jeffries grew up in Los Angeles, the son of Donald R. Jeffries, who owned a chain of party supply stores.. Jeffries attended Claremont Men's College and the London School of Economics before receiving an MBA from Columbia Business School in 1968. In 1971, Jeffries married Susan Hansen, and they have a grown son. Career Early career Jeffries began his career in the fashion industry in the early 1970s. He started out w ...
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Claremont McKenna College
Claremont McKenna College (CMC) is a Private college, private Liberal arts colleges in the United States, liberal arts college in Claremont, California. It has a curricular emphasis on government, economics, public affairs, finance, and international relations. CMC is a member of the Claremont Colleges consortium. Founded as a men's college in 1946, CMC became coeducational in 1976. The college focuses primarily on undergraduate education, but in 2007 it established the Robert Day School of Economics and Finance, which offers a master's program in finance. CMC is known for its faculty's conservative political orientation relative to comparable liberal arts colleges. , there were 1,338 undergraduate students and postgraduate students. CMC competes in the NCAA Division III's Southern California Intercollegiate Athletic Conference, Southern California Intercollegiate Athletic Conference (SCIAC) conference in a joint athletic program with Harvey Mudd College and Scripps College. H ...
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Business Insider
''Insider'', previously named ''Business Insider'' (''BI''), is an American financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Insider''s parent company Insider Inc. has been owned by the German publishing house Axel Springer. It operates several international editions, including one in the United Kingdom. ''Insider'' publishes original reporting and aggregates material from other outlets. , it maintained a liberal policy on the use of anonymous sources. It has also published native advertising and granted sponsors editorial control of its content. The outlet has been nominated for several awards, but is criticized for using factually incorrect clickbait headlines to attract viewership. In 2015, Axel Springer SE acquired 88 percent of the stake in Insider Inc. for $343 million (€306 million), implying a total valuation of $442 million. In February 2021, the brand was renamed simply ''Insider''. History ''Busi ...
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TheStreet
''TheStreet'' is a financial news and financial literacy website. It is a subsidiary of The Arena Group. The company provides both free content and subscription services such as Action Alerts Plus a stock recommendation portfolio co-managed by Bob Lang and Chris Versace. Former notable contributors include Jim Cramer, Bob Powell, Aaron Task, Herb Greenberg, and Brett Arends. History Early years: going public TheStreet, Inc., (formerly, TheStreet.com, Inc.) was co-founded in 1996 by Jim Cramer and Marty Peretz. It became a public company via an initial public offering in May 1999 under the direction of former CEO Kevin English and former CFO Paul Kothari. Dave Kansas became editor-in-chief in April 1997. Kansas also opened a San Francisco bureau and was a member of the board of directors. In 1999, at the peak of the dot-com bubble, the market capitalization of the company was $1.7 billion. In July 2001, David J. Morrow, a former reporter for ''The New York Times'', joined T ...
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Herb Greenberg
Herb Greenberg (born June 8, 1952 in Miami, Florida) is an American journalist. Early life Greenberg graduated from the University of Miami with a bachelor's degree in journalism. Career Greenberg was a New York-based financial correspondent for the ''Chicago Tribune'' after transferring from its Chicago newsroom, where he covered the food and restaurant industry. Greenberg has also worked for ''Crain's Chicago Business'', the '' St. Paul Pioneer Press'', ''Amusement Business'', and the ''Boca Raton News.'' Greenberg spent 10 years as the six-day-a-week columnist for the ''San Francisco Chronicle's'' business section. In the mid-1990s, he also had his own America Online business commentary site, ''Bizinsider''. Also, while at the Chronicle, Greenberg spent several years as the morning business reporter for KRON-TV in San Francisco and freelanced for five years as the monthly "Against the Grain" columnist for ''Fortune''. He became one of the first mainstream newspaper colum ...
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Stock Options
In finance, an option is a contract which conveys to its owner, the ''holder'', the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified date, depending on the style of the option. Options are typically acquired by purchase, as a form of compensation, or as part of a complex financial transaction. Thus, they are also a form of asset and have a valuation that may depend on a complex relationship between underlying asset price, time until expiration, market volatility, the risk-free rate of interest, and the strike price of the option. Options may be traded between private parties in ''over-the-counter'' (OTC) transactions, or they may be exchange-traded in live, public markets in the form of standardized contracts. Definition and application An option is a contract that allows the holder the right to buy or sell an underlying asset or financial instrument at a specified strike ...
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Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ...
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American Decency Association
The American Decency Association (ADA) is a non-profit organization associated with the Christian right based in Fremont, Michigan. Its principal cause is against pornography and "indecent" media. The ADA was founded in 1999 by former elementary school teacher, Bill Johnson, the first-named state director of the American Family Association (AFA) from 1987 to 1999. The organization was formerly known as the Michigan chapter of the AFA. Activism Detroit Pistons dancers In 2006, the ADA opposed the distribution of a calendar depicting Detroit Pistons dance group, "Automotion" members in swimsuits. The calendar was given away to fans during a December basketball game, and then sold to legal adults for $13 in Pistons' stores. A member of the ADA described the calendar as "legalized prostitution." The ADA opposed the calendar by means of its e-mail newsletter, and said that since the basketball team counted women and young children among its fans, the calendar was inappropriate. The pr ...
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Feminist Movement
The feminist movement (also known as the women's movement, or feminism) refers to a series of social movements and political campaigns for Radical politics, radical and Liberalism, liberal reforms on women's issues created by the inequality between men and women. Such issues are Women's liberation movement, women's liberation, reproductive rights, domestic violence, Parental leave, maternity leave, Equal pay for women, equal pay, women's suffrage, sexual harassment, and sexual violence. The movement's priorities have expanded since its beginning in the 1800s, and vary among nations and communities. Priorities range from opposition to female genital mutilation in one country, to opposition to the glass ceiling in another. Feminism in parts of the Western world has been an ongoing movement since the turn of the century. During its inception, feminism has gone through a series of four high moments termed Waves of feminism, Waves. The First-wave feminism was oriented around the st ...
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Apparel
Clothing (also known as clothes, apparel, and attire) are items worn on the body. Typically, clothing is made of fabrics or textiles, but over time it has included garments made from animal skin and other thin sheets of materials and natural products found in the environment, put together. The wearing of clothing is mostly restricted to human beings and is a feature of all human societies. The amount and type of clothing worn depends on gender, body type, social factors, and geographic considerations. Garments cover the body, footwear covers the feet, gloves cover the hands, while hats and headgear cover the head. Eyewear and jewelry are not generally considered items of clothing, but play an important role in fashion and clothing as costume. Clothing serves many purposes: it can serve as protection from the elements, rough surfaces, sharp stones, rash-causing plants, insect bites, by providing a barrier between the skin and the environment. Clothing can insulate against c ...
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Luxury Goods
In economics, a luxury good (or upmarket good) is a good for which demand increases more than what is proportional as income rises, so that expenditures on the good become a greater proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. ''Luxury goods'' is often used synonymously with ''superior goods''. Definition The word "luxury" originated from the Latin word ''luxuria'', which means exuberance, excess, or abundance. A luxury good can be identified by comparing the demand for the good at one point in time against the demand for the good at a different point in time, at a different income level. When personal income increases, demand for luxury goods increases even more than income does. Conversely, when personal income decreases, demand for luxury goods drops even more than income does. For example, if income rises 1%, and the demand for a product rises 2%, then the product is a luxury good. ...
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Elle (magazine)
''Elle'' (stylized ''ELLE'') is a worldwide women's magazine of French origin that offers a mix of fashion and beauty content, together with culture, society and lifestyle. The title means "she" or "her" in French. ''Elle'' is considered the world's largest fashion magazine, with 45 editions around the world and 46 local websites. It now counts 21 million readers and 100 million unique visitors per month, with an audience of mostly women. It was founded in Paris in 1945 by Hélène Gordon-Lazareff and her husband, the writer Pierre Lazareff. The magazine's readership has continuously grown since its founding, increasing to 800,000 across France by the 1960s. ''Elle'' editions have since multiplied, creating a global network of publications and readers. ''Elles Japanese publication was launched in 1969, beginning an international expansion. Its first issues in English (US and UK) were launched in 1985. Previous editors of the magazine include Jean-Dominique Bauby, well known for ...
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