{"id":155,"date":"2007-01-22T22:34:02","date_gmt":"2007-01-23T06:34:02","guid":{"rendered":"http:\/\/www.onecle.com\/blog\/2007\/01\/22\/gap-ceo-closes-shop\/"},"modified":"2007-01-22T22:34:02","modified_gmt":"2007-01-23T06:34:02","slug":"gap-ceo-closes-shop","status":"publish","type":"post","link":"https:\/\/www.onecle.com\/blog\/2007\/01\/22\/gap-ceo-closes-shop\/","title":{"rendered":"Gap CEO Closes Shop"},"content":{"rendered":"<p>Gap Inc. announced that CEO Paul Pressler will step down from his position as president and chief executive officer of the company, as well as resign his seat on the company&#8217;s board, effective immediately.<\/p>\n<p>Pursuant to the <a href=\"http:\/\/contracts.onecle.com\/gap\/pressler-emp-2002-09-25.shtml\">Employment Agreement between Gap Inc. and Paul Pressler<\/a>, Pressler is eligible for up to approximately $14 million associated with his severance with the company, assuming a company stock price of $20 per share, which Gap did hit in after-hours once news of the resignation filtered out.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gap Inc. announced that CEO Paul Pressler will step down from his position as president and chief executive officer of the company, as well as resign his seat on the company&#8217;s board, effective immediately. Pursuant to the Employment Agreement between Gap Inc. and Paul Pressler, Pressler is eligible for up to approximately $14 million associated [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-155","post","type-post","status-publish","format-standard","hentry","category-employment-agreement","category-severance-agreement"],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/comments?post=155"}],"version-history":[{"count":0,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/155\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/media?parent=155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/categories?post=155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/tags?post=155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}