Men's Wearhouse Ousts Founder ZimmerThis is an odd move because the company is doing fairly well financially. Their five year stock prices show some fluctuation but a steady growth. He took a large amount of flack for promoting the Occupy movement last summer. Posted by DaveH at June 19, 2013 2:27 PM
Clothing retailer Men's Wearhouse (NYSE: MW) on Wednesday, in a wholly unexpected move, fired George Zimmer, the company�s founder and longtime face of the business.
For years the company�s television advertisements have ended with the bearded and nattily dressed Zimmer intoning, �You�re going to like the way you look. I guarantee it.�
In a statement, the company gave no reason for terminating Zimmer, who served as executive chairman, saying only that the board �expects to discuss with Mr. Zimmer the extent, if any, and terms of his ongoing relationship with the company.�
Zimmer released a statement Wednesday saying, �Over the past several months I have expressed my concerns to the board about the direction the company is currently heading.� He added that the board has �inappropriately chosen to silence my concerns by terminating me.�
That's "flak". Flack is a guy who talks for his boss.
Posted by: Dick Parks at June 20, 2013 5:31 AM