American Apparel CEO Dov Charney received an ultimatum at a company board meeting last Wednesday, according to sources cited by The Wall Street Journal: quit or be fired. "People familiar with the situation" told the WSJ that the board notified Charney he could resign as CEO of the clothing company (but be retained as a consultant for four years and receive a multimillion-dollar severance package), or be terminated "for cause." When Charney refused to accept the terms of the resignation plan, th...
American Apparel CEO Dov Charney Forced To Quit Or Be Fired: Report
The Huffington Post - 22 Jun 2014 21:59
American Apparel CEO Dov Charney received an ultimatum at a company board meeting last Wednesday, according to sources cited by The Wall Street Journal: quit or be fired. "People familiar with the situation" told the WSJ that the board notified Charney he could resign as CEO of the clothing company (but be retained as a consultant for four years and receive a multimillion-dollar severance package), or be terminated "for cause." When Charney refused to accept the terms of the resignation plan, th...
Share this Article
Recommended