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Down To Last $100K, Dov Charney Wants American Apparel Back

Photo: Getty Images
Photo: Getty Images

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Ousted and embattled American Apparel CEO Dov Charney just visited Bloomberg studios to tell host Trish Regan his side of the story after he was officially fired last week from the company he founded. Regan relayed their off-camera conversation, saying that Charney is very upset with hedge firm Standard General, who he thinks pushed him out of the company.

"I gave them my entire life's work and they agreed to put me back in. But, instead, they used this investigation to fire me. They betrayed me. I gave them my heart. My shares. They teamed up with Allan and worked against me," Bloomberg quotes Charney as saying.

Charney told Regan that he's living at a friend's house in the Lower East Side and he's down to his last $100,000 (he made $800,000 a year as CEO). He has plans for that $100,000, though. "He would like to see this company taken private. He's suing everyone, by the way," Regan said.

"As we have stated previously, our objective is to help American Apparel grow and succeed. We supported the independent, third-party and very thorough investigation into the allegations against Mr. Charney, and respect the Board of Director's decision to terminate him based on the results of that investigation. We believe that American Apparel will benefit from the leadership of its new CEO, Paula Schneider, and we are focused on supporting her and American Apparel going forward."—Standard General Spokesperson

· Dov Charney: I'm Down to My Last $100K [Bloomberg]
· Dov Charney Officially Fired From American Apparel [Racked]
· Meet the Main Man Responsible for Dov Charney's Firing [Racked]