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An ousted CEO tries to claw his way back

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Talk about turmoil at the top: While he contests his recent firing for misconduct, American Apparel's ex-CEO Dov Charney has acquired millions more shares of the company, increasing his holdings in the retailer to 43 percent. In response, the board of directors adopted a one-year rights plan aimed at preventing Charney, who founded American Apparel 16 years ago, from seizing control. Its stock has dropped 27 percent this year.

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