American Apparel 给Dov Charney 的解雇信曝光 - 无时尚中文网NOFASHION -权威领先的奢侈品行业报道、投资分析网站。

无时尚不生活

American Apparel 给Dov Charney 的解雇信曝光

作者 唐小唐 发表于 2014-06-24 01:11:06 来源: 无时尚中文网

标签:American Apparel,Dov Charney

无时尚中文网2014年6月24日报道:美国八卦网站周一曝光四页Dov Charney 解雇信,此前传闻中的挪用公司财产被证实。除此之外American Apparel 表示将解雇Dov Charney 的原因还包括Dov Charney 违反信托义务以及违反公司政策,多次将自己陷与性骚扰及种族歧视等重大诉讼之中。

Dov Charney 周一已经向SEC提交文件,正式应战American Apparel Inc. (NYSE MKT:APP) 董事会,誓要“夺回”自己一手创立的品牌。据Dov Charney提交SEC的13D文件表示,Dov Charney 和其支持者寻求重掌集团并改组董事会。

尽管Dov Charney 正式应战,但是据目前的状况来看,其胜率极小。



相关阅读

Dov Charney正式应战 誓要“夺回”American Apparel

American Apparel 创始人Dov Charney因“行为不端”被驱逐 停止一切职务

分析师称American Apparel 可能寻求出售

Dov Charney涉嫌挪用资金默许员工裸照被发布至互联网 其律师通牒American Apparel 董事会 要求复职


以下为解雇信全文

Dear Mr. Charney:

Pursuant to Section 7(a) of your Employment Agreement dated April 1, 2012 (the “Employment Agreement”), the Board of Directors of American Apparel, Inc. (the “Company”) hereby provides notice that (i) you have willfully and continuously failed to substantially perform your job duties under the Employment Agreement and (ii) you have engaged in willful misconduct that has materially injured the financial condition and business reputation of the Company. Based on your failures and misconduct, the Board intends to terminate your employment with the Company for cause effective July 19, 2014 unless you are able to fully effect a cure in accordance with the terms of the Employment Agreement.

The Board’s investigation of your misconduct is ongoing and has been hindered by the fact that certain information has not been made available to the Board. However, to date, the events and circumstances by which you failed to perform your job duties and the details of your willful misconduct include the following:

1. Breach of Fiduciary Duty. As an officer and director of American Apparel, you owe fiduciary duties to the Company. Among other things, your fiduciary obligations require you to act in the best interests of the Company, to act in good faith and to refrain from conduct that amounts to self dealing or presents a conflict of interest. You have violated the fiduciary obligations owed to the Company in several material ways. For example, you were aware of, but took no steps to prevent an employee under your direct supervision and control from creating and maintaining false, defamatory and impersonating blog posts about former American Apparel employees. You were in a position to prevent this conduct from occurring but, since it benefitted you personally, you allowed it to continue. Your failure to act was not in the best interest of the Company. It exposed the Company to liability and at least in once instance, directly resulted in an arbitrator finding that the Company acted with malice. Your failure to act also directly resulted in one arbitrator finding that the Company was vicariously liable for the conduct of your subordinate. Those findings, in turn, exposed the Company to a significant punitive damages award. You engaged in similar misconduct with respect to several other former American Apparel employees, resulting in material payments and probable future settlements of such claims.

We also recently learned that you presented significant severance packages to numerous former employees (including packages to REDACTED) to ensure that your misconduct vis-a-vis these employees would not subject you to personal liability. None of these severance packages were discussed with or approved by the Board of Directors. These severance packages were material expenditures of Company funds that were not in the best interests of the Company and instead were to protect you from personal liability for misconduct.

Moreover, we were recently appraised that you engaged in misconduct – including the potential subordination of perjury – in a pending litigation matter and that your misconduct will undermine the Company’s position in that case.

2. Violation of Company Policy. You have violated numerous Company policies and have failed to take action to enforce the Company’s policies in derogation of your obligations as Chief Executive Officer. As is evident from a number of recent court rulings and arbitrator awards and decisions, you repeatedly engaged in conduct that violated the Company’s sexual harassment and anti-discrimination policy. Furthermore, you engaged in conduct that repeatedly put yourself in a position to be sued by numerous former employees for claims that include harassment, discrimination and assault.

In the recent past, you refused to participate in mandatory sexual harassment training and undermined the Company’s policies by interrupting employee sexual harassment training mandated under California law. By engaging in such conduct, you violated the Company’s Code of Ethics which, among other things, requires you to deter wrongdoing and promote compliance with applicable law, rules and regulations. You also violated the Code of Ethics by failing to stop your subordinate from posting false and defamatory blogs as discussed above. Furthermore, on several occasions you have made derogatory and disparaging remarks directed at persons of certain ethnicities or related to their gender, sexual orientation or religious persuasions that are discriminatory and offensive and are not in accordance with Company policies.

3. Misuse of Corporate Assets. You have used corporate assets in an inappropriate manner and for personal, non-business reasons without approval of the Board. For example, you continue to seek reimbursement by the Company for personal services such as legal consultation and certain property rentals and related expenses for various employees/consultants. The Board has reason to believe that many of these expenses were not legitimately incurred to advance the interests of the Company. These funds were instead used for personal reasons and to advance your personal objectives. Additionally, you have used Company assets to make substantial severance payments to protect you from personal liability. You have provided to employees various salary increases, bonuses, and commission payments that were not meant to reward exemplary performance or further the Company’s interests. Instead, you authorized these payments to induce employees to sign release agreements that were aimed at protecting you from personal liability for your misconduct. These payments, like the severance payments discussed above, were incurred for personal reasons and not to advance the legitimate business interests of the Company. You also have engaged in self dealing by purchasing travel for family members with Company funds. These self-dealing transactions were not approved by the Board.

Your misconduct has injured the Company’s financial condition and business reputation. In terms of finances, your conduct has required the Company to incur significant and unwarranted expenses, including expenses associated with litigation and defense costs, significant settlement payments, substantial severance packages that were granted to employees, and unwarranted business expenses that you incurred for personal reasons. The Company’s employment practices liability insurance retention has grown to $1 million from $350,000, causing an unacceptable level of risk for the Company, and the premiums for this insurance are well outside of industry standards. These risks and costs to the Company are a direct result of your actions. The resources American Apparel had to dedicate to defend the numerous lawsuits resulting from your conduct, and the loss of critical, qualified Company employees as a result of your misconduct are also costs that cannot be overlooked.

Your misconduct has also harmed the business reputation of the Company. This is illustrated by voluminous press reports describing your behavior and the fact that the Company has had a very difficult time raising capital and securing debt financing at reasonable rates because of your actions. Indeed, many financing sources have refused to become involved with American Apparel as long as you remain involved with the Company. When the Company has been able to secure financing, it has been required to pay a significant premium for that financing in significant part because of your conduct.

Based on the events and circumstances detailed above, you are hereby suspended and placed on administrative leave effective today, June 18, 2014. Your suspension and administrative leave will last until July 19, 2014 or until such earlier time as you are able to fully effect a cure of your misconduct. On July 19, 2014 we will inform you of our final decision concerning your employment status.

Effective immediately, you will be relieved of all of your job duties and obligations, including as President and Chief Executive Officer; your power to act on the Company’s behalf is hereby suspended. During your suspension, you shall not, on behalf of the Company, negotiate or enter into contracts, disburse funds, make any statements on the Company’s behalf to the press, public or vendors (or induce, condone or fail to prevent others from making such statements), attempt to communicate with current employees or former employees with continuing contractual obligations to the Company (including under severance arrangements), or disrupt or interfere in any way with the Company’s operations. You remain subject to and must continue to abide by the Company’s policies, including the Company’s confidentiality and non-disparagement policy. You also remain subject to continuing obligations under federal securities laws (including the prohibition against unauthorized disclosure of, or trading while in possession of, material non-public information) and continuing fiduciary duties under state law. During your suspension, you are not permitted to access directly or indirectly the Company’s computer systems or files, use any of the Company’s assets, or interact with any of the Company’s employees or former employees with continuing contractual obligations to the Company, visit the Company’s facilities (including but not limited to its manufacturing facilities, headquarters, distribution center, apartments and stores), or contact vendors or landlords, unless you obtain advance written permission from the Board of Directors and your request is tied directly to an attempt to cure the violations and misconduct described herein. If you violate the directives outlined in this paragraph, the Board will consider such conduct an additional “cause” to terminate your employment. During your suspension, you will continue to receive your monthly salary and the other benefits required to be paid under your Employment Agreement.

The Board is continuing to investigate the scope and extent of your misconduct. The Board reserves the right to notify you of additional events and circumstances that constitute cause to terminate your employment. The Board also reserves the right to supplement and amend this notice as additional information is learned through the course of its ongoing investigation into your actions.

If you require additional details concerning the events and circumstances amounting to cause as outlined in this letter, please contact Tobias S. Keller, the Company’s Interim General Counsel at (213) 488-0226.

Sincerely,

_______________________________

On behalf of the Board of Directors

of American Apparel, Inc.

联系:nofashion.cn@gmail.com

关注无时尚中文网微信号:nofashioncn

推荐阅读

  • 霞飞诺二季度加速反弹 中期扭亏为盈霞飞诺二季度加速反弹 中期扭亏为盈意大利眼睛制造商Safilo Group SpA 霞飞诺集团中期业绩显著改善,管理层在财报中重申2020年恢复收入增长及可持续财政状况的展望,刺激股价在周一全球股市崩盘的背景下飙升最多12.7%至0.994欧元。08月03日 04:08
  • 艾莱依巴黎时装周发布艾莱依巴黎时装周发布法国当地时间周二晚,来自中国的时尚服装品牌ERAL 艾莱依首次亮相巴黎时装周,以“醒”为主题发布2018秋冬系列。03月07日 19:26
  • Tory Burch传上市Tory Burch传上市Tory Burch LLC据传正聘请Morgan Stanley摩根士丹利探索战略性选项。11月02日 13:22Morgan Stanley
  • 业绩低迷  上海家化上半年盈利下滑业绩低迷 上海家化上半年盈利下滑公司存货为 10.23 亿元,存货周转天数同比上升 13 天,主要系国内法规改稿 库存备货增加;期末应收账款为 13.19 亿元,应收账款周转天数同比上升 2 天。报告期内,公司 实现经营性现金流 6,563 万元,同比下降 84.91%,现金流下降的主要原因为向下属子公司 Financial Wisdom Global Limited 的管理层支付股权激励行权现金 2,807 万英镑,另外支付品 牌、电商市场投放费用和研发费用同比增加。08月31日 13:26
  • 资生堂重申中国不再大搞促销资生堂重申中国不再大搞促销受益中国市场的反弹以及日本市场的稳定表现,日本美容巨头Shiseido Co. Ltd.(4911.T)资生堂集团二季度加速增长,期内可比销售录得10.3%的增幅,较疫情前同期亦有2%的增幅。08月09日 14:40

推荐作者

© 2012-2023 无时尚中文网. 备案号 粤ICP备14101203 广告 AD | 招聘 |关于 About Us | 联系 Contact Us | 隐私 Privacy Right | 版权 | 意见反馈|