American Apparel CEO Dov Charney Fired By Board

Charney, the founder of a teen retailer, is ousted by the board for alleged misconduct and fund misuse. He denies the claims. The new CEO, Polish Schneider, faces challenges. Over 30 executives request Charney's return, citing his importance to the company.

Why was Charney removed from his position at American Apparel?

• He decided to retire.

• He was accused of breaking company rules and misusing funds.

• He wanted to start a new company.

• He was offered a better position elsewhere.

What is Charney's stance on the accusations against him?

• He called them baseless.

• He admitted to the accusations.

• He apologized for his actions.

• He ignored them.

Who is the new CEO of American Apparel?

• American Apparel Board

• Bloomberg News

• Polish Schneider

• Dov Charney

What action did over 30 American Apparel executives take regarding Charney's dismissal?

• They filed a lawsuit against the board.

• They resigned from their positions.

• They asked the board to reconsider and bring Charney back.

• They supported the board's decision.

What reason did the executives give for wanting Charney back?

• He is a financial expert.

• He has a strong legal background.

• He is a marketing genius.

• He is what makes the company successful.