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The Termination

A few years before PVH bought the Calvin Klein Company, Bruce Klatsky started to talk about retiring. He had fulfilled the goal he told me about on my first day at PVH, and I had followed him to become president (I would eventually become CEO, too). Every time he brought up retiring, however, I didn’t believe him. We had a great management team in place, and we were doing exceptionally well. He was only in his late fifties, and so it seemed too early for him to retire. Then, after we purchased Calvin Klein, PVH was flying. We ...

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