American Apparel’s founder Dov Charney is not going to leave without a fight.
He was fired from his position as CEO last week, but he filed a formal notice yesterday with the U.S. Securities and Exchange Commission, saying he’s in talks with supportive shareholders in an effort to get his job back.
The Wall Street Journal’s Jason Bellini joins Here & Now’s Jeremy Hobson with details.
David Hyde interviews Carl Adrian, president of the Tri-City Development Council. He has a message to Seattle entrepreneurs that want to relocate due to the hike in the minimum wage here: "We're open for business."
The board of clothing chain American Apparel voted Wednesday to replace founder Dov Charney in the wake of allegations of misconduct against him.
In a statement on its website, the board said that it notified Charney of its intent to terminate his employment as president and CEO. He is expected to be fired following a 30-day period, the statement added.
The U.S. Patent and Trademark Office has revoked the trademark of the NFL's Washington Redskins, after ruling in a case brought by five Native Americans who say the name disparages them. While the decision could have wide repercussions, it does not require the team to change its name. It is also subject to appeal, which the team has confirmed it will pursue.
A large swath of the Atlantic Ocean could soon be used to generate electricity, as a U.S. agency proposes opening more than 1,000 square miles of ocean to wind energy projects. The area is off the coast of Massachusetts, which has been working on the proposal with federal officials.
A corporation has one core obligation: to make money. But some companies are signing a deal, promising to create not only profit but also a tangible benefit to society and the environment. They're called benefit corporations, and their movement has caught the ear of lawmakers across the country.
In the tiny town of Gilsum, N.H., you'll find the headquarters of W.S. Badger Co. Inc. The company makes all-natural cosmetics marketed under the name Badger Balm. When CEO Bill Whyte founded the company two decades ago, the staff was lean.