Posts Tagged: dov charney
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Dov Hates Dust: When the CEO Comes to Town

I used to work at American Apparel, the one in Williamsburg. Internally, it’s called NY5. Every so often a mid-morning, brunch-faring couple would ask how business was going.

Business was bad. So bad that I’m almost wondering why American Apparel continues to exist. According to the Los Angeles Times, it’s lost nearly $270 million over the last four years; in the process, it’s accumulated more than $200 million in debt.

But I’d shrug, and mention one of our two-for-one sales. We always had two-for-one sales. Eventually they became three-for-two sales, but it’s less sing-songy; as you can imagine, it didn’t catch on.

When I started [...]

0

How Long Does It Take to Fire Dov Charney?

Good question! Glad you asked, given that the reason is at least partly because he "had allowed an employee to post naked photographs of a former female employee who had sued him." On Wednesday, just after the company’s annual meeting, Mr. Charney sat in a conference room at the Times Square offices of the company’s outside counsel, Skadden, Arps, Slate, Meagher & Flom, and was fired by the board. Under the terms of his contract, Mr. Charney will be suspended immediately and formally terminated after 30 days. The directors also voted to remove him as chairman. Mr. Charney still owns 27 percent of the company’s stock.

A person [...]