American Apparel (APP) Jumps Higher as Board Ousts Founder & CEO Dov Charney

Shares of American Apparel Inc. (APP) surged more than 7% in midday trading after the retailer’s board of directors ousted founder and Chief Executive Dov Charney. The company’s board voted unanimously late Wednesday to replace Charney as chairman and “terminate his employment as president and CEO for cause,” a press release stated, which also noted […] View the full post at: American Apparel (APP) Jumps Higher as Board Ousts Founder & CEO Dov Charney Related posts: The Stimulus and the Auto Bailout: The Perils of Confusing American Companies With American Jobs Transocean CEO Robert Long to Retire in First Quarter of 2010 Dennis Gartman Is Bullish on American Growth