Dov Charney Speaks: American Apparel Board Is 'Hateful'
After being ousted from the company last Wednesday, the former CEO tells the Financial Times he's ready to take legal action.
Dov Charney, the American Apparel founder who was ousted by the company last Wednesday, is finally speaking out against the board's decision.
In an interview with the Financial Times, Charney says the allegations against him in the dismissal letter are "entirely false." The letter, which was obtained by BuzzFeed, accuses him of sexual misconduct and misuse of company finances.
"I think it's highly unusual that a board — any board — would indulge in such a hateful PR campaign against its founder. I think it's grotesque. It's a lash-out that stems from a false place due to a lack of research into the work I've been doing over the last year," adds the former American Apparel CEO, who has committed a number of questionable deeds in the past (that leaked video of his naked striptease performance that recently surfaced online, anyone?).
The FT reports that Charney filed a complaint with the Securities and Exchange Commission on Monday contesting his termination. He also stated that if he isn't given his old position back, he will seek between $23 and $25 million of severance pay.
Despite Charney's claim against the board of directors, newly appointed American Apparel co-chair Allan Mayer reaffirms, "These allegations are not false. They are substantiated. We did not do this unanimously without deliberation, but for the right reasons and in the right way."