From Philly.com, a terrific in-depth look at how the department store chain was brought back from the abyss:
There was, conventional wisdom said, no realistic way to rescue its thousands of regional employees, dozens of stores, or century-old legacy. No money. No banks willing to step into the economic meltdown with emergency loans. No hope.
But in crunching the numbers that spelled doom for the nation's largest family-owned department-store chain, the doubters underestimated the power of a pint-sized 79-year-old man.
Had their spreadsheets been able to tabulate big-time heart and brains, they would have predicted a different outcome. Because Al Boscov is no ordinary businessman.
"I can dance, I can sing," Boscov joked later in a Manhattan elevator, tap-dancing in a charcoal suit to an absurd ditty about saving the company. The vaudevillian flash ended as the doors opened. "That's what did it," he said, and hopped out.
The story demands a movie. Danny DeVito, anyone, as Albie?