*courtesy of designer-daily.com
Yup, the President of Gap was let go because of the terrible redesigning of the Gap's logo(located on the right). Marka Hansen was the President of the north division of Gap for 4 years. However, she was cut loose because of this weird looking logo. The original logo was no prize but this looks like a marketing mess.
The new president that will be taking her placed is Art Peck.
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I agree with you the original logo was not that good to begin with, but the new logo is just horrible. Why would they approve that? That think looks like a logo designed for a computer company of some sort.
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