Firing the Founder of American Apparel

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An American Apparel window display from August 2011.

What gives with CEO-founders recently? Some have been behaving badly, facing allegations of sexual harassment or making inappropriate comments. It’s even led to a few getting fired. But when they lose their jobs – if we needed another reminder that CEOs aren’t like the rest of us – they fight to get their jobs back. Case in point: Dov Charney, founder of American Apparel. This week on Money Talking, Nikki Waller with the Wall Street Journal joins regular contributor Joe Nocera with the New York Times to review what happens when CEOs behave badly. Should there be term limits for CEOs who also found the company?