You’ll be surprised by this news, I guarantee it: Men’s Wearhouse (MW) has fired founder and chairman George Zimmer, the bearded icon of 28 years of company television commercials. The apparel company also postponed its annual shareholders meeting, set for today, so it could renominate its board, sans Zimmer, who is best known for his catchphrase: “You’re going to like the way you look—I guarantee it.”
According to CNBC, Zimmer said the board was seeking to “silence” his concerns about the company:
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.
A spokesman for Men’s Wearhouse did not immediately return a call seeking comment.