George Zimmer, who often sold his Men's Warehouse chain in commercials saying, "You're going to like the way you look. I guarantee it", may not like the way he feels.
The executive chairman and highly recognizable pitchman was fired with no reason given by the clothing retailer. Zimmer did address the rift via a written statement, saying, "instead of fostering the kind of dialogue in the boardroom that has, in part, contributed to our success, the board has inappropriately chosen to silence my concerns by terminating me as an executive officer."
Zimmer, who owned owned 1.8 million shares of the company (3.5%), brought in spiritual leader Deepak Chopra as a member of the company's board in 2004, and pumped his own money into California's failed Proposition 19 in 2010, which would have legalized marijuana in the state. He also instituted the policy for new hires that didn't include background checks, because he believed that everyone deserves a second chance.
Company stock finished down on account of the news, but still near its 52-week high, and is up 20% since the start of the year. Does that mean the face of the brand is not going impact their profits? That remains to be seen, but it does mean that there won't be anymore commercials with him cruising around like a weird version of the Most Interesting Man In The World...those kinda sucked.
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