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Getbig Main Boards => Gossip & Opinions => Topic started by: Chadwick The Beta on June 19, 2013, 04:20:23 PM

Title: Fired
Post by: Chadwick The Beta on June 19, 2013, 04:20:23 PM
http://www.usatoday.com/story/money/business/2013/06/19/mens-wearhouse-founder-chairman-george-zimmer/2437493/

He should have stood his ground.

(you see what I did there)
Title: Re: Fired
Post by: arce1988 on June 19, 2013, 04:23:10 PM
(http://25.media.tumblr.com/tumblr_m44qe0u8rL1r52he3o1_500.gif)
Title: Re: Fired
Post by: Parker on June 19, 2013, 04:34:16 PM
At least he'll look good leaving.
I wonder how they are going to present the brand, now?
Title: Re: Fired
Post by: arce1988 on June 19, 2013, 04:36:11 PM
(http://www.nndb.com/people/508/000125133/george-zimmer-1-sized.jpg)
Title: Re: Fired
Post by: Kwon_2 on June 19, 2013, 04:38:46 PM
Why was he fired?
Title: Re: Fired
Post by: Chadwick The Beta on June 19, 2013, 04:40:04 PM
Why was he fired?

no one has said why officially

Title: Re: Fired
Post by: The Abdominal Snoman on June 19, 2013, 04:58:08 PM
At least he'll look good leaving.
I wonder how they are going to present the brand, now?

They should hire the guy who does the Dos Equis beer commercials...
Title: Re: Fired
Post by: arce1988 on June 19, 2013, 05:00:39 PM
(http://1.bp.blogspot.com/_1jtJODDWyKU/TApiEXMvc9I/AAAAAAAACtc/D7uj9Z9wriM/s1600/Most+Interesting+Man.jpg)
Title: Re: Fired
Post by: f450 on June 19, 2013, 05:04:31 PM
how do you fire the founder? Isnt he the owner? who fires the owner? Its his company right? so how come he only owns 3.5% of the shares?
Title: Re: Fired
Post by: The Abdominal Snoman on June 19, 2013, 05:09:22 PM
(http://1.bp.blogspot.com/_1jtJODDWyKU/TApiEXMvc9I/AAAAAAAACtc/D7uj9Z9wriM/s1600/Most+Interesting+Man.jpg)

Bring that guy in and it would bring more people to the brand.
Title: Re: Fired
Post by: Chadwick The Beta on June 19, 2013, 05:11:20 PM
how do you fire the founder? Isnt he the owner? who fires the owner? Its his company right? so how come he only owns 3.5% of the shares?

he stepped down from the ceo role a few years ago

he had sold off most of his ownership piece when the company went public, that's why such a small percentage of shares

Title: Re: Fired
Post by: Powerlift66 on June 19, 2013, 05:40:52 PM
He'll be OK for a few years until he can retire.  :P

Zimmer earned nearly $2 million last year in pay, bonuses and other compensation. Men's Wearhouse will owe Zimmer $250,000 annually for four years under a licensing deal for his image in advertising and marketing efforts, according to the proxy.
Title: Re: Fired
Post by: f450 on June 19, 2013, 05:49:08 PM
he stepped down from the ceo role a few years ago

he had sold off most of his ownership piece when the company went public, that's why such a small percentage of shares



ah makes sense. Sounds like a sweet deal for him. time to retire and go yachting around the world.
Title: Re: Fired
Post by: G_Thang on June 19, 2013, 05:58:18 PM
how do you fire the founder? Isnt he the owner? who fires the owner? Its his company right? so how come he only owns 3.5% of the shares?

nope it's the shareholders company now, and the board works in their best interest  ::).  fire a guy, who just guided the company to a record year in sales.  he'll be back in 5 yrs with a goup buying the company back.  michael dell just moved back into his dell office after the board and new ceo turned the company to shit. 
Title: Re: Fired
Post by: Vince G, CSN MFT on June 19, 2013, 06:03:31 PM
http://www.usatoday.com/story/money/business/2013/06/19/mens-wearhouse-founder-chairman-george-zimmer/2437493/

He should have stood his ground.

(you see what I did there)


They never notified him of his termination...just announced it publicly.  Very unclassly
Title: Re: Fired
Post by: Chadwick The Beta on June 20, 2013, 01:57:56 AM
They never notified him of his termination...just announced it publicly.  Very unclassly

It was a bitch move for sure.  They even postponed the shareholders' meeting which was to take place...even more of a bitch move.
Title: Re: Fired
Post by: cswol on June 20, 2013, 07:40:13 AM
its called the american way, nobody cares who owns, who founded, or who built what...........all the twinks conspire together and get shit the way they want it, while the founder is ass out............true story..........thats how its done in this world, sad to say but yup true.