Why George Zimmer Got Canned: Men's Wearhouse

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.

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.