American Apparel's Conservative Bean Counter Axed
Going Like Sixty — November 16, 2008 — Naughty
References: americanapparel.net & online.wsj
American Apparel likes to play around with sexy images in advertising that some say border on the pornographic. CEO Dov Charney has quite the reputation for encouraging sexy images of young people who look younger than their years.
Dov Charney asked his accountant to sex up the books to show to shareholders and the accountant refused. Wrong answer: The American Apparel financial guy was canned. This is the latest in a long line of American Apparel lawsuits--five sexual harassment cases have been settled or are currently in arbitration.
Roberto Hernandez says that in 2006 Mr. Dove Charney repeatedly “demanded that Mr. Hernandez pad the inventory” of the company in an effort to lure investors.
Dov Charney asked his accountant to sex up the books to show to shareholders and the accountant refused. Wrong answer: The American Apparel financial guy was canned. This is the latest in a long line of American Apparel lawsuits--five sexual harassment cases have been settled or are currently in arbitration.
Roberto Hernandez says that in 2006 Mr. Dove Charney repeatedly “demanded that Mr. Hernandez pad the inventory” of the company in an effort to lure investors.
Trend Themes
1. Sexual Harassment in the Workplace - Disruptive innovation opportunity: Developing comprehensive training programs and policies to prevent and address sexual harassment in businesses across industries.
2. Controversial Advertising Practices - Disruptive innovation opportunity: Exploring alternative advertising strategies that generate attention while maintaining ethical boundaries and avoiding potential controversies.
3. Accountability in Corporate Financial Reporting - Disruptive innovation opportunity: Creating transparent and accountable financial reporting systems that prioritize accuracy, integrity, and ethical conduct to rebuild trust in corporate governance.
Industry Implications
1. Human Resources - Disruptive innovation opportunity: Developing technology-driven tools and platforms to enhance reporting, investigation, and prevention of workplace harassment across various industries.
2. Marketing and Advertising - Disruptive innovation opportunity: Leveraging emerging technologies and data-driven insights to create targeted and engaging ad campaigns that resonate with diverse audiences while avoiding controversial content.
3. Accounting and Finance - Disruptive innovation opportunity: Building advanced financial reporting and auditing systems that utilize automation, artificial intelligence, and blockchain technology to ensure transparency, accuracy, and ethical conduct in corporate accounting.
4.5
Score
Popularity
Activity
Freshness
