Haven't we had about enough? More importantly, hasn't Charney had enough? The CEO of L.A.-based American Apparel is struggling to hold onto his empire, and yet he always seems to be talking to reporters - at length. When does he get the time to be chief executive? From today's 2,200-word NYT piece:
It was nearly midnight at the bar of the Palomar Hotel one recent Wednesday, and Dov Charney, the founder and chief executive of American Apparel, was on the attack during a conversation that had gone on for more than two hours and seemed nowhere near its end. If his detractors want to understand him, Mr. Charney told a reporter as he sipped water and his assistant looked on, he suggests they read "The Apprenticeship of Duddy Kravitz," a 1959 novel by the Canadian author Mordecai Richler.
We get it - Duddy is an ambitious Jew from Montreal who is obsessed with money and power. Charney is also ambitious, Jewish and from Montreal. Makes perfect sense, then, that Charney traipses around in his underwear and comes on to kids barely out of high school. Don't all ambitious Montreal Jews do that? The Business Journal also had a piece on Charney this week, and it, too, had the guy blathering away. It's easy to see how this happens - Charney is a notorious gabber, always trying to defend his work style, his carrying on, his admiration of Hugh Hefner, and so on. But the act has worn thin. So have the lawsuits being filed against him (any young woman who wants to hang with Charney and is surprised by his actions needs some serious tutoring in current events). The only story worth pursuing at this stage is the future of the company - and with modest annual revenues of $558 million and a market value of $61 million, even that is of limited value.