Diego Segura

Well, money. There was $370 in her account. “And I made a $400 sale two hours ago,” she said, meaning she had been in the red that morning.

On a chilly morning in downtown Los Angeles, a week after my visit, I put on one of the hoodies Playboy gave me. As I was standing in line for a coffee, a young skateboarder complimented it. After thanking him, I couldn’t help but ask, “What does the Playboy bunny stand for, in your opinion?”

He paused for a while.

“Uhh,

I dunno.

Boobs?”

An attempt to launch a lower-priced, streetwear-inflected line, PSWL, was at odds with the main collection, and fell flat with customers.

The Commerce Department estimates that American corporations paid out 44 percent of their pretax profits in dividends last year, up from 23 percent in 1980.

Holed up in a room with a whiteboard, the founders sketched out what an ideal insurer would look like—from a Millennial’s point of view. It would be online only (no paper or insurance brokers), low-cost, easy to deal with and “trustworthy.” They weren’t naïve about needing insurance expertise and, in May 2015, recruited Ty Sagalow, a 36-year... See more

Indeed, that is the genius of the LVMH model that Arnault has created. It’s quite possible that being the C.E.O. of LVMH would be a less fun and desirable job than being the C.E.O. of Tiffany’s, or Tag Heuer or Dior, or one of the incredible French wineries that LVMH owns.

What is perhaps most debilitating for Iger, however, is the simple fact that the rules of the game have changed, and the ambitions have diminished. The glory days of growth and conquest that defined his first tenure have given way to a brutal battle for survival, one in which Iger may be forced to deconstruct the very empire he helped build,... See more

the famous line in Hemingway ’s The Sun Also Rises , “How did you go bankrupt? Two ways. Gradually and then suddenly.”