Can These Guys Revive Macy's?
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Mark S. Handler, Macy's new co-chairman and CEO, looks a lot like his former boss, Edward S. Finkelstein. Like Finkelstein, Handler is partial to spread collars, custom suits, and aviator glasses. Handler, who in high school briefly considered a career as a comedian, now speaks in Finkelstein's measured tones, too.
But Handler would do well to distinguish himself from his old buddy and longtime mentor. After months of rumors that R.H. Macy & Co.'s board wanted Finkelstein out, the embattled CEO resigned on Apr. 25. Now, it's up to Handler and his co-CEO, Myron E. "Mike" Ullman III, to chart a new course for the retail giant, which has been in a Chapter 11 reorganization since January.