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When a Successful Company's Founder Becomes a Liability

American Apparel is not the first high-profile American company – entrepreneurial or established – to fire its founder and CEO. Apple relieved Steve Jobs of his duties, only to bring him back some years later, at which point his abbreviated second act nearly eclipsed his first. So reports the Washington Post.

Longtime New York Yankees owner George Steinbrenner made firing (and sometimes rehiring) his managers into an art. The reasons that top brass are let go are not always revealed, at least not by management. Retail stalwart American Apparel would seem to be a different story.

As more details of why the company's board recently ousted its founder and chairman Dov Charney after years of his reputed acts of sexual harassment and strange behavior are revealed, there may, in the end, have been a very brick-and-mortar reason for Charney's firing: He was costing the company a veritable fortune.

Read the full article from the Washington Post.

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