No Sympathy for Mickey Drexler & J.Crew

We clowned on JCrew's Mickey Drexler last week and this week he's unemployed. That's what happens when you fall victim to the innovator's dilemma. J.Crew is another classic example of a post-recession private equity buyout and dividend recap boom that saddled a once-high-flying retailer with a f*ck ton of debt. Now it's in deep distress and there are qu…