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CEO Dov Charney's ouster could be ruinous for American Apparel
CEO Dov Charney's ouster could be ruinous for American Apparel

His company's advertising favored provocative women, and so did he. Now American Apparel Chief Executive Dov Charney's highly sexualized lifestyle has cost him stewardship of the company he founded — and may destroy it. The company suspended Charney on Wednesday pending "an ongoing investigation into alleged misconduct," American Apparel said in a statement. A source familiar with the matter characterized the behavior as poor judgment and questionable conduct with women. American Apparel filed documents with the Securities and Exchange Commission saying that ousting Charney from the Los Angeles retailer's top slot could trigger defaults on nearly $40 million in outstanding loans and...

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