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Thread: Men's Wearhouse icon won't like the way he looks -- he's out!

  1. -1
    BAMAPHIN 22's Avatar
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    Men's Wearhouse icon won't like the way he looks -- he's out!

    Men's Wearhouse has fired George Zimmer, its bearded executive chairman famous for his TV ad line: "You're going to like the way you look. I guarantee it."
    The announcement by the men's clothing retailer that it had severed ties with Zimmer, who founded the company 40 years ago, sent its shares down as much as 6 percent in early trade on Wednesday.
    The company, which gave no reason for the termination, also postponed its annual shareholder meeting scheduled for later Wednesday to renominate the existing slate of directors without Zimmer.
    Zimmer later told CNBC he had been silenced, after expressing concerns about the company's strategy.
    "Over the last 40 years, I have built MW into a multi-billion dollar company with amazing employees and loyal customers who value the products and service they receive.
    "Over the past several months I have expressed my concerns to the board about the direction the company is currently heading. Instead of fostering the kind of dialogue in the boardroom that has in part contributed to our success, the board has inappropriately chosen to silence my concerns through termination as an executive officer."
    Stifel analysts meanwhile speculated on his departure. "We believe that despite Zimmer's planned transition to a smaller role at the company, he had difficulty letting go of the reins and the leadership of the business.
    http://www.nbcnews.com/business/mens...out-6C10378086
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  2. -2
    SpurzN703's Avatar
    I like your style Dude

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    Cam Wake 91Tannehill 172013 Dolphins Logo
    No more guarantees coming from him



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    NY8123's Avatar
    Sophisticated Redneck

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    Quote Originally Posted by PhinzN703 View Post
    No more guarantees coming from him
    Nah he'll be fine, he can play the part of the most interesting man in the world's brother in Dos Equis commercials. I guarantee!

    "I am free of all prejudice. I hate everyone equally" ~ W.C. Fields

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  4. -4
    CalDolFan1014's Avatar
    BELIEVE

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    1972 Dolphins LogoSnakes!Cam Wake 91Tannehill 17
    The founder and chairman of his own company...fired by the board. Ain't business great?
    I just try to be myself, whatever that is. I don't think about how I'll be remembered. I just want to be consistent over a long period of time. That's what the great players do.
    -Dan Marino
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    Hall Of Famer

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    Quote Originally Posted by CalDolFan10x14 View Post
    The founder and chairman of his own company...fired by the board. Ain't business great?
    Going public can be a bitch!

    He only owned 8% of the company...
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  6. -6
    Roman529's Avatar
    Moon Runner / The 3 AM Crew

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    Quote Originally Posted by CalDolFan10x14 View Post
    The founder and chairman of his own company...fired by the board. Ain't business great?
    This happens all the time.....Steve Jobs was booted from Apple.
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  7. -7
    MAYHEM's Avatar
    Like me

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    They have a choice between the money or the control.
    They both got the money.
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  8. -8
    SpurzN703's Avatar
    I like your style Dude

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    Cam Wake 91Tannehill 172013 Dolphins Logo
    Quote Originally Posted by DeathStar View Post
    Going public can be a bitch!

    He only owned 8% of the company...
    Which was more than any other single shareholder though
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