American Apparel Ousts Controversial CEO Dov Charney

Dov Charney, the controversial CEO of American Apparel, was ousted Wednesday by the company's board of directors, who said the action "grew out of an ongoing investigation into alleged misconduct." The board voted to replace Charney as chairman and "notified him of its intent to terminate his employment as president and CEO for cause," according to a statement. "This isn't easy, but we felt the need to do what we did for the sake of the company," Allan Mayer, the company's newly appointed co-chairman, told The Times.