If some of the models in American Apparel’s ubiquitous, sex-charged ads look pained, there’s good reason. After the company admitted that its financial reporting since 2009 might have been less than honest, accountants Deloitte and Touche dropped it like a pair of hot pants, according to reports this week.
Seeing the company’s stock slide nearly 15% as a result was just the latest headache for founder and CEO Dov Charney, however. “American Apparel’s CEO Must Resign,” blared a headline on business news site BNet. Women’s blog Jezebel recently nailed him as “America’s sexual-harassiest CEO,” and activist web sites like ClamorMagazine have slammed the company as “paternalistic” and anti-union.
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