Board Ousts George Zimmer From Men's Warehouse

[Dino Velvet]

Couldn't guarantee his own job security. Team him up with the Dos Equis guy now.

http://www.nbcbayarea.com/news/local/Board-Outs-George-Zimmer-From-Mens-Warehouse-212149041.html

http://ww4.hdnux.com/photos/11/04/43/2377967/7/628x471.jpg

1996 The Men's Wearhouse Commercial 1 - YouTube (http://www.youtube.com/watch?v=ytiewwYfFs4)


http://3.bp.blogspot.com/-xLJ4mW19-8E/UcCCCfNxa3I/AAAAAAAAIZQ/YnvOqBsEEGw/s1600/dos2.jpg

[GroobyKrissy]

That's what you get for not marketing suits made for Transsexuals.

Signs of the times... nobody wears suits anymore :( Sad state of affairs. Give me a man in a suit and I'll definitely give him Amy Gray's ass... give.

[youngblood61]

I guess they didn't " like how he looked" lol.:)

[Rusty Eldora]

I jumped on my mis reading ... Men's Whorehouse.

I think I have Tgirls on my mind.

Actually, George probably set this up when he went public. He only owned 3.5% currently. He is now at the mercy of the remaining shareholders.

What a PR disaster for MWH.

[Willie Escalade]

As one who has bought lots of items from there (including my suit I wore to the Tranny Awards this year) I'm sorry to see him go. He seemed like a cool cat, just like the owners of Wendy's and Carl's Jr. When you went to these places, you expected to actually see them there.

"You won't like the outcome of this decision. I guarantee it."

[fred41]

Though for suits and blazers I prefer Nordstrom nowadays...I'm gonna miss George for his support

[bzzzay]

I buy all my suits there :(

[TSCURIOUS]

So do I. Shame. Like Willie said - seemed like a good guy

[Odelay]

That's what you get for not marketing suits made for Transsexuals.

Signs of the times... nobody wears suits anymore :( Sad state of affairs. Give me a man in a suit and I'll definitely give him Amy Gray's ass... give.
Amy's ass goes for that cheap? Hmmm

[broncofan]

What's more embarrassing? Being seen entering a Men's Wearhouse or a brothel?

I walked into one of these one time. You just can't find a decent suit there is the problem. But he was the face of the company. A likeable enough fellow hawking poorly made suits.

[broncofan]

Amy's ass goes for that cheap? Hmmm
A lot of good bargains in this economy.

[GroobyKrissy]

Amy's ass goes for that cheap? Hmmm

Heck. I'll even throw in Wendy Summers. Two for one special. I am feeling generous.

[Dino Velvet]

Looking forward to the new commercials. Hope Arsenio Hall is the new spokesperson. Gotta sell those old comedy suits from the show.

http://finance.yahoo.com/news/men-s-wearhouse--why-we-fired-zimmer-134728434.html


Men's Wearhouse: Why We Fired Zimmer

http://l.yimg.com/bt/api/res/1.2/BbiFgP6mOGVJnyd3QbyMsQ--/YXBwaWQ9eW5ld3M7Zmk9Zml0O2g9Mjc-/http://l.yimg.com/os/284/2012/03/09/CNNMoney-new-logo-27-gif_044803.gif (http://money.cnn.com/)By Aaron Smith | CNNMoney.com – 1 hour 34 minutes ago

Men's Wearhouse has finally explained why it fired executive chairman George Zimmer last week, depicting the founder as power-hungry in his desire to sell the company to private investors.

"Mr. Zimmer reversed his long-standing position against taking the company private by arguing for a sale of the Men's Wearhouse to an investment group," the company's board of directors wrote Tuesday in a statement it made public.

But the board said it opposed the move, which would force the company "to take on a huge amount of debt."

"The board believes such a transaction would not be in the best interests of our shareholders, and it would be a risky path on many levels," the directors wrote.

The board also emphasized that Zimmer's 3.6% stake in the company did not give him a controlling role.

"Mr. Zimmer had difficulty accepting the fact that Men's Wearhouse is a public company with an independent board of directors and that he has not been the chief executive officer for two years," said the board.

The board added that Zimmer "refused to support" Chief Executive Doug Ewert and other executives "unless they acquiesced to his demands." The board also said he "expected veto power over significant corporate decisions."

Men's Wearhouse (MW (http://finance.yahoo.com/q?s=MW&ql=1)) rose 2.6% in premarket trading on Tuesday.

The board terminated Zimmer (http://money.cnn.com/2013/06/19/news/companies/mens-wearhouse-zimmer/index.html?iid=EL), who co-founded the company in 1973, as executive chairman on June 19. He then quit the board (http://money.cnn.com/2013/06/24/news/companies/zimmer-mens-wearhouse/index.html?iid=EL) on Monday.

Zimmer, known for his advertising tag line "I guarantee it," was not immediately available for comment. Though he did release a letter (http://money.cnn.com/2013/06/24/news/companies/zimmer-mens-wearhouse/index.html?iid=EL) on Monday explaining that board, in its termination, was avoiding his "growing concerns" about the company.

Hundreds of shoppers expressed outrage for the firing last week on Facebook (FB (http://finance.yahoo.com/q?s=FB&ql=1))


http://l2.yimg.com/bt/api/res/1.2/8zH8rWNpxrC5RQaJggMO8Q--/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD00MTk7cT04NTt3PTUxMg--/http://media.zenfs.com/en_us/News/ap_webfeeds/edee2db887f93614350f6a7067009431.jpg

http://www.mtv.com/content/ontv/vma/2010/photos/flipbooks/past-hosts/1988-1991-arsenio-hall.jpg
"These suits is good. I ain't frontin'."

[CORVETTEDUDE]

Now, You're not gonna look so good.....I guarantee it!!!

[ashymon]

I have been buying there for years... was easier than flying to Hong Kong every year for custom made suits. I have noticed a drop in quality over the last few years. I wonder what his ouster means for the brand?