Good morning, Broadsheet readers! Claudine Gay is out as Harvard's president, tens of thousands of women who aren’t pregnant are ordering abortion pills, and new Levi Strauss CEO Michelle Gass says her demotion was worth it. Have a wonderful Wednesday!
- The right fit. The path to the CEO job can take many forms—an uninterrupted climb straight up the ladder, lateral moves to build skill sets, and leaps of faith to lead new businesses. A rarer way to make it to the top? A demotion.
But that's just what Michelle Gass, the former CEO of Kohl's, did on her way to becoming the new chief executive at Levi Strauss. At Kohl's, Gass was a Fortune 500 CEO atop a struggling $18 billion-in-revenue retailer. Besieged by activist investors and up against giants like Amazon, she announced at the end of 2022 that she would join Levi's, the legacy denim brand.
