Dov Charney Out at American Apparel

American Apparel founder and CEO Dov Charney got ousted by his own board of directors because of an ongoing misconduct investigation. Charney has long been one of fashion’s most controversial figures: accused of sexually harassing his employees, choking a store manager, and holding meetings in his underwear. Meanwhile, American Apparel’s finances have faltered. Its share price has been below one dollar since early this year, and now bankruptcy is a possibility.