Looks like in the game of capitalism vs. women’s rights, capitalism wins once again. American Apparel, who did a great deed by firing former CEO and founder Dov Charney after further allegations against Charney arose, backpeddled BIG TIME.
According to ABCNews.com, the “made in America” minimalist clothing company just rehired Charney as a “strategic consultant until the end of the investigation.” Charney’s fate as an AA employee, officer, or even CEO lies in the findings of the investigation. And while Charney has been accused of sexual misconduct for years now, it seems that whatever this investigation says is what will decide whether Charney is a good enough person to keep on AA’s payroll.
Since he was suspended, Charney has been trying to get back into the business by borrowing money and attempting to jack up his stake from 27% to 43% on the condition that voting rights remain with the hedge fund.
We’ll see if his rehiring leads anywhere, and more importantly, if he is actually dismissed as CEO after the investigation concludes.
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Photo via ibtimes.com