Why Men's Wearhouse's George Zimmer is a lot like Steve Jobs

Figurehead founders are ousted from the companies they started with surprising regularity

There is no longer a guarantee that you are going to like the way you look.
(Image credit: YouTube)

The ousting of George Zimmer, the founder, chairman, face, and voice of Men's Wearhouse (the guy who says, "You're going to like the way you look — I guarantee it"), is nothing if not surprising. A mere month ago, Men's Wearhouse called Zimmer the "chief driving force behind the company," and the company posted an outstanding first quarter, with profits up 23 percent to $33.1 million. Stocks have risen 29 percent in the last year.

You'd think that Zimmer, who started the company with little more than $7,000 and a hand-painted sign in 1973, would be riding high.

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Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.