Thanks so much for all of the readers who took the time to send emails during what has been a busy (and tumultuous) past week and a half. Retail seems to be one of the few bright spots this week in the middle of a tough market.
I'm still anchoring market updates today for but did want to take the time to respond to many of the emails that viewers/readers sent in. I had asked readers to weigh in on whether my questions during the interview with American Apparel (Amex: APP) CEO Dov Charney were fair or not. Here are some of your responses. Not all of them could fit--responses were across the board. Here you go.
Ken Roberts wrote in saying that asking Mr. Charney about whether the lawsuit would impact business was fair since it opened up "a fair opportunity to respond and present his side of this issue." He went on to say:"I think it was entirely appropriate for you to ask about this litigation, not only from any possible financial impact on the company, but also since the attitudes and character of those at the top of a company follow the lines of authority and resonate through the rest of an organization."
Ted Sawchuck, Michael Jenkins, Lisa Nelson and others also sent thoughtful responses in support of the line of questioning.
That wasn't the case for reader David Hruby of Linnihan Foy Advertising. He said the interview was more "sizzle than content" and that asking the questions that I did was "tabloid..." Here's a quick excerpt: "It was fair to bring up once, perhaps even twice if he had dodged the line of questioning. However your last three questions we're trying to pin him down on a topic he already addressed, and by your own admission, addressed well."
David Patch of GE felt similarly. He said that following up on my first question and Charney's response with two others (asking whether the lawsuit would cost shareholders money and asking Mr. Charney if he wanted to respond to criticism of him in the press) was tabloidish.
While APP shareholder Lonnie Cortese thought that the "the questions were not below the belt. However, it was quite evident that CEO Charney didn't like answering questions on his up coming harassment lawsuit and personal behavior, BUT who would ?" For Cortese, any allegations regarding past or present personal lawsuits against Charney are secondary to business. "[I] believe in what Charney is doing ,and how he is doing it." She went on to say that Charney, "takes care of his employees, and still can make a profit, a big profit. "
Thanks for reading and writing in. Now back to trading!
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