Target/Isaac Mizrahi: Fans of Prabal Gurung, Proenza Schouler and Missoni should thank Isaac Mizrahi for designing Target's first high end diffusion collection 10 years ago. Mizrahi was an acclaimed designer with an inconsistent track record before he paired up with Target to design clothing and home goods under his name in 2002. The venture was mutually beneficial Mizrahi's clothing, accessories, bedding and more sold for as much as $300 million a year and created luster for the chain bargain store.

The contract also includes provisions that Chancellor Michelle A. Rhee has sought to give her more latitude in rewarding effective teachers and removing ineffective educators from the system. The agreement calls for a voluntary performance pay system in which teachers may be able to earn up to $20,000 annually for improving student test scores and other aspects of academic performance..

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