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Zimmer out at Men’s Wearhouse
Men’s Wearhouse said it terminated company founder and executive chairman George Zimmer on Wednesday and postponed its annual meeting.
No explanation was offered for Zimmer’s termination, but the company indicated the board of directors, "expects to discuss with Mr. Zimmer the extent, if any, and terms of his ongoing relationship with the company."
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Men’s Wearhouse Zimmer fires back at board on firing
New York -- George Zimmer, the founder and pitchman of Men’s Wearhouse, wasted no time in firing back at the company that fired him as executive chairman on Wednesday morning. In a statement released to CNBC, Zimmer suggested that disagreements with the company’s board led to his abrupt termination: