On Tuesday, American Apparel formally fired founder and CEO Dov Charney "for cause in accordance with the terms of his employment agreement" and hired Paula Schneider to replace him, effective Jan. 5. The controversial Charney was booted from American Apparel's board and placed on suspension in June while the company investigated alleged misconduct, including "financial improprieties" and allowing a blogger to use a nude photo of a former employee suing the company, the Los Angeles Times reports. The investigation, conducted by FTI Consulting, is complete.
Charney fought his ouster for months, and said Tuesday he is "disappointed with the circumstances." "I'm proud of what I created at American Apparel and am confident that, as its largest shareholder, I will have a strong relationship with the company in the years ahead," he added.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
Who actually needs life insurance?The Explainer If you have kids or are worried about passing on debt, the added security may be worth it
-
Sexual wellness trends to know, from products and therapies to retreats and hotelsThe Week Recommends Talking about pleasure and sexual health is becoming less taboo
-
Is the AI bubble deflating?Today's Big Question Growing skepticism and high costs prompt reconsideration
-
Arid Gulf states hit with year's worth of rainSpeed Read The historic flooding in Dubai is tied to climate change
-
EPA limits carcinogenic emissions at 218 US plantsSpeed Read The new rule aims to reduce cancer-causing air pollution in areas like Louisiana's 'Cancer Alley'
-
Strong Taiwan earthquake kills 9, injures hundredsSpeed Read At magnitude 7.4, this was Taiwan's biggest earthquake in 25 years
-
EPA sets auto pollution rule that boosts EVsSpeed Read The Biden administration's new rules will push US automakers toward electric vehicles and hybrids
-
More than 150 people dead following earthquake in NepalSpeed Read The death toll is expected to rise as rescue workers continue digging through rubble
-
Nearly 1,000 birds dead in one night after striking building in ChicagoSpeed Read The birds died after colliding with the McCormick Place convention center next to Lake Michigan
-
At least 1 dead at Burning Man as thousands remain stranded from floodingSpeed Read
-
Earthquake rattles Southern California as Tropical Storm Hilary hitsSpeed Read
