When the news broke that George Zimmer of the Men’s Wearhouse—not to be confused with vigilante George Zimmerman who went on trial for murder—got fired from his own company, I couldn’t believe it. I practically grew up on his TV and radio commercials with his signature line, “You’re going to like the way you look—I guarantee it,” over the last 30 years.
However, this is a familiar tale of woe when the founder invites outside investors to put up money and eventually loses control over the company. It’ll be interesting to see how this plays out. I predict that Zimmer will get the board to pay dearly for putting him out to pasture, the board will give itself a raise for getting rid of a troublesome founder, and Wall Street will drive up the stock price.
As for the Men’s Wearhouse customers, there’s always Rochester Big & Tall Clothing.