George Zimmer Fires Back at Board Following Termination (MW)

Go back to George Zimmer Fires Back at Board Following Termination (MW)

Men's Wearhouse (MW) Founder George Zimmer Axed, Reports Say he Had Trouble 'Letting Go'

June 19, 2013 11:50 AM EDT

On Wednesday morning, the Board of Directors of Men's Wearhouse (NYSE: MW) announced that it terminated founder George Zimmer from his position as Executive Chairman. In the view of analyst Richard Jaffe of Stifel Nicolaus, Zimmer had trouble "letting go."

"We believe that... More

Men's Wearhouse (MW) Terminates George Zimmer; Postpones Annual Meeting

June 19, 2013 9:02 AM EDT

The Board of Directors of Men's Wearhouse (NYSE: MW) announced that it has terminated George Zimmer from his position as Executive Chairman. The Board expects to discuss with Mr. Zimmer the extent, if any, and terms of his ongoing relationship with the Company.... More