Dive Summary:

• Last week, Men’s Wearhouse executives released statement announcing the firing of founder George Zimmer following a shareholders meeting, according to reports from Retailing Today.
• "Our actions were not taken to hurt George Zimmer. Rather we were focused on what we believed to be in the best interests of Men's Wearhouse, as well as shareholders and employees,” read a statement from the company.
• Conflicts between Zimmer and management stemmed from several issues mostly related to executive control between the two parties, according to an article published by Retailing Today.

From the article:

Without Zimmer, the board is now unanimously opposed to selling the company. It states that it is committed to a strategic plan developed by Ewert and the rest of the company's management team, which the board believes “will maximize long-term value for all shareholders.”