The independent directors of maverick retailer American Apparel have rejected a demand to meet and reinstate ousted CEO Dov Charney on Monday, a source close to the matter said.
The board last week stripped Charney of his titles of chief executive, chairman and president. Initially known for insisting on manufacturing clothing in the United States, Charney eventually became notorious for conduct like attending meetings in his underwear.
Read More American Apparel finds CEO misused funds: Reuters
American Apparel's board cited Charney's alleged misuse of company funds and role in disseminating nude photos of an ex-employee who had sued him.