J. Crew struggles with its ‘great man’ dilemma

Steven Davidoff Solomon writes for The New York Times, June 10, 2015

J. Crew, Michelle Obama’s sometime clothing retailer, is yet another struggling private equity buyout. J. Crew’s owners, TPG Capital and Leonard Green & Partners, are stuck, tied to the bargain they struck with the company’s chief executive, Millard S. Drexler. Call it the “great man” problem.