Hey, I thought George Zimmer owned the Men's Wearhouse. Well, as it turns out he not only doesn't "own' it, he no longer works for the huge corporation he helped build.

I'll be honest with you, before Men's Wearhouse became such a gigantic entity, I had heard stories of Zimmer's huge ego. Then I realized that you don't go from selling raincoats out of the trunk of your car to a multi-billion dollar business without a powerful ego.

So, why is the face that goes with the product in the unemployment line?

As is the case with most corporate firings, the folks at Men's Wearhouse aren't talking beyond saying that Zimmer's role with the company was to be scaled back, but George had a hard time letting go of the reins. Zimmer, on the other hand, did issue a statement:

"Over the last 40 years, I have built MW into a multi-billion dollar company with amazing employees and loyal customers who value the products and service they receive at MW. Over the past several months I have expressed my concerns to the Board about the direction the company is currently heading. 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 through termination as an executive officer."

 

Don't feel to bad for George Zimmer. He is still the single largest shareholder in the company and, if Men's Wearhouse wants to continue to use his likeness in their advertising, it will cost them $250,000 a year.

We haven't heard the last of this story-- "I guarantee it."