An ousted CEO tries to claw his way back — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

An ousted CEO tries to claw his way back

Get PDF file

by on
in Leaders & Managers

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.

Related Articles...

Leave a Comment

Previous post:

Next post: