American Apparel Spent More Than Half Of Its Remaining Cash—And Then Some—To Get Rid Of Dov Charney
How do you get rid of a problem like Dov Charney?
American Apparel lost $27.6 million last year. More than one-third of that went towards making you-know-who go away forever.
Cash-strapped American Apparel spent $10.4 million on the internal investigation it conducted before firing its CEO Dov Charney last year, according to a company filing.
That's a lot of money for a company that reported a $27.6 million loss and ended 2014 with only $8.3 million in cash.
Charney probe cost American Apparel $10 million [CNN Money]
