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Why George Zimmer Got Canned: Men's Wearhouse

Tuesday, 25 Jun 2013 | 9:02 AM ET

Men's Wearhouse said it fired executive chairman George Zimmer because he was reluctant to give up operational control of the company he founded 40 years ago.

Zimmer, chief executive of the clothing company until two years ago, was abruptly fired last week. He resigned from the board on Monday.

Men's Wearhouse Zimmer Fired
CNBC's Bertha Coombs reports on George Zimmer, the ousted founder and CEO of Men's Wearhouse.

Tensions started rising over the past six months, with Zimmer increasingly butting heads with his handpicked CEO over the clothing retailer's strategy.

—By Reuters.

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