Mickey Drexler

When I started at Bloomingdale's as a buyer, Alexander's was a discounter across the street, and every time Alexander's had something that we had at Bloomingdale's, we'd have to meet price. I didn't really want to be in a business where I had no control over my inventory, the value of my inventory.

I don't size up their grades or their board scores. Because in America today, that's just an advantage certain people have. I size up the give and take, the speed of thinking, what I perceive as ambition. I say, 'Tell me about your high school jobs.' And I love people who worked in coffee shops who were waiters and waitresses.