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Two decades ago, Baker and his two partners, John Herma and William Kellogg, took the largest danger of their lives: They put their money, their homes, most everything they had on the line to buy an obscure, Midwestern retail chain named Kohl's.Considering the fact that his retirement, Baker, has found a new passion the Jay H. Baker Retailing Initiative in the Wharton College at the University of Pennsylvania. Baker, a 1956 Wharton graduate, and his wife, Patty, founded the initiative with a $10 million present. The initiative has been Baker's passion a technique to give back towards the industry he loves.
The Naples ralph lauren polo shirts sale-to-day News caught up with Baker at his Naples penthouse on Park Shore to speak in regards to the Wharton retailing initiative and all issues retail. What follows are excerpts of that interview.A number of months ago we got a concentration in retailing, which means that within the Wharton College going forward you'll be able to get a degree in retailing. That was among the list of principal issues I was fighting for.So we went in significantly less than three years to this. The explanation it occurred is there was tremendous interest.
It was thrilling to me. I mean you cannot force students to take classes. What it proved is that we've got to talk mymoneypc blog the industry.There's a whole give and take . We've had fantastic interaction with the students, with all the sector. We have on the board from Kohl's Larry Montgomery, who heads Kohl's, we've got Terry Lundgren, who's almost certainly the star of retailing currently, you know he's the head of Federated. He's been tremendously helpful. We've got Burt Tansky who heads Neiman Marcus, we have Roger Farah, the head of Polo.
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