How American Apparel’s Ousted CEO Dov Charney Could Get His Revenge
You’re Dov Charney, you’re 45 years old, and you’ve just been fired as CEO of American Apparel American Apparel – the company you set up. And you’ve even been fired for “cause,” meaning the board is trying to avoid paying you any severance. You still own 27% of the company. That’s 47 million shares. To put this in context, American Apparel stock soared Thursday following news that you’d been kicked out. That means that you actually made about $2 million on your stock Thursday simply because you’d been fired.
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