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Jun 23 / Jonathan

Power! Ambition! Glory!

Felix Salmon points us to an entertaining takedown of Steve Forbes.

33B72E25-5524-40A0-9786-C7250AC31B8C.jpg… And how does Caesar figure into the Finkelstein saga, exactly? Well, there was that whole flap over the inhouse Macy’s clothing brand, just for starters. Under Finkelstein’s power-mad reign, you see, Macy’s “began pushing its own private labels despite the fact that customers still wanted traditional brands…. Private labels in department stores often connote ‘cheap.’ But Finkelstein kept the prices on Macy’s private labels so high that even customers who, to save some money, might have overlooked the stigma of in-house brands chose not to buy them.” The launch of a dubious clothing line and a plot among senators to do in a dictator-in-perpetuity: This, indeed, is a stunning parallel.

But that’s nothing next to the principle adduced from the whole affair: “Once you decide on your plan and take action, don’t look back or second-guess yourself”—i.e., precisely the behavior that got both Caesar killed and Finkelstein shitcanned. …

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