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Eastside Terp

You're going to like the way you look ........

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Wonder whats up with this? Think he will still be the face of the company? ........

 

[h=2]Men's Wearhouse fires founder, executive chairman George Zimmer, the face of the company on TV[/h]

NEW YORK (AP) -- Men's Wearhouse Inc. has dismissed its founder and executive chairman George Zimmer.

In a terse release issued Wednesday, the company didn't give a reason for the abrupt firing of Zimmer, who built Men's Wearhouse from one small Texas store using a cigar box as a cash register to one of the nation's largest specialty retailers in men's clothing, with 1,143 locations.

 

In light of Zimmer's termination, the company postponed its annual shareholders' meeting scheduled for Wednesday. It said the purpose of the postponement is to re-nominate the existing slate of directors without him. It said the board expects to discuss with Zimmer the extent, if any, and terms of "his ongoing relationship" with the company Zimmer was seen as the face of the company, appearing in many of its TV commercials with the slogan, "You're going to like the way you look. I guarantee it."

 

http://finance.yahoo.com/news/mens-wearhouse-ousts-founder-exec-132847193.html

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I bought a suit there and was disappointed in the fit and finish.

 

I didn't like the way I looked in it. So I don't care if he got axed.

 

Did you let George know? He guaranteed that you would like the way you looked.

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Did you let George know? He guaranteed that you would like the way you looked.

 

George may have other problems now.

 

Besides, my Jos. Banks suits always fit and look nice. I went back to Banks.

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I guess they don't like folks on the board that aren't aligned ......

 

Men's Wearhouse has finally explained why it fired executive chairman George Zimmer last week, depicting the founder as power-hungry in his desire to sell the company to private investors. "Mr. Zimmer reversed his long-standing position against taking the company private by arguing for a sale of the Men's Wearhouse to an investment group," the company's board of directors wrote Tuesday in a statement it made public. But the board said it opposed the move, which would force the company "to take on a huge amount of debt." "The board believes such a transaction would not be in the best interests of our shareholders, and it would be a risky path on many levels," the directors wrote.

 

http://finance.yahoo.com/news/men-s-wearhouse--why-we-fired-zimmer-134728434.html

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