4 ms·
Would be interesting to know exactly why the board was so vehement about ousting him.
by jcroll 11y ago
Would be interesting to know exactly why the board was so vehement about ousting him.
- mschuster91 11y ago> A year after Mr. Zimmer’s ouster, Men’s Wearhouse acquired Joseph A. Bank for about $1.8 billion — a merger Mr. Zimmer had vociferously opposed. I guess that the board's personal coffers were filled with cash in order to get rid of opposition. Funny how it turned out in the end.
- TheOtherHobbes 11y agoThe board will probably be okay. Employees and customers won't be.
- mschuster91 11y agoWell but the in(v/f)estment fund will have lost a load of cash. And like Mr. Zimmer, I'm glad of this.
- pavornyoh 11y agoI have been curious as well and just came across this old Fortune article http://fortune.com/2013/12/09/exclusive-george-zimmer-on-being-fired-by-mens-wearhouse-and-whats-next/ http://fortune.com/2013/12/09/exclusive-george-zimmer-on-bei...
- itafroma 11y agoIt seems he had a few bouts with the board about various issues and lost: http://ir.menswearhouse.com/press-releases/detail/12/mens-wearhouse-board-of-directors-provides-further-comments-on-termination-of-george-zimmer http://ir.menswearhouse.com/press-releases/detail/12/mens-we...