Business and Industry

Men's Wearhouse Founder Fired From Company After Objecting to Executive Pay Raises

May try to come back

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Tensions started rising at Men's Wearhouse Inc over the past six months, as founder and executive chairman George Zimmer increasingly butted heads with his handpicked CEO over the clothing retailer's strategy. 

CEO Doug Ewert wanted to sell the company's K&G Fashion Superstore business, while Zimmer wanted to keep it, two sources familiar with the situation said. Zimmer also objected to rising compensation for top executives, including Ewert, while the board thought it was appropriate, the sources said.