The most recent controversies in fashion news have one thing in common: misbehaving CEOs. Top execs at American Apparel, Urban Outfitters and Lululemon singlehandedly damaged their brand’s reputation by making offensive comments or engaging in illegal activity.
American Apparel boss Dov Charney sullied his reputation with reports of homophobic slurs, sexual harassment charges and even an accusation that he choked an employee. Steve Madden became one of the few CEOs-turned-criminals on this list when he went to jail for insider trading. And we can’t forget Lululemon founder Chip Wilson who fat-shamed women who wear his yoga pants and then, half-apologized for it.
When the head honchos behave badly, it’s their company that suffers. Just ask Chip: Lululemon’s stock is down 4% after his fat-shaming comment. But plummeting stock prices aren’t enough. We’re also giving these CEOs failing grades for their unacceptable behavior. Check them out in the slideshow. #SorryWereNotSorry