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Author:Munk, N.
Title:Cover story: How Levi's trashed a great brand
Journal:Fortune
1999 : APR 12, VOL. 139:7, p. 32-39
Index terms:BRANDS
CHIEF EXECUTIVE OFFICERS
MANAGEMENT
Language:eng
Abstract:While Bob Haas pioneered benevolent management, his company came apart at the seams. When Robert Haas led the most recent LBO of Levi Strauss & Co. in 1996, he took one of the world's most successful brands and placed its entire future in the hands of four people: himself, and uncle, and two cousins. Other family shareholders had two choices: Cede all power to this group for 15 years, or cash out. Most stayed in. It seemed a good bet at the time. Haas was the guy who had saved the troubled family company back in 1984.
SCIMA record nr: 192807
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