What Do American Apparel and Hillary Clinton Have In Common?
Hint: the answer has nothing to do with Bill and cigars.
I'm a bit slow on the uptake here, but this WSJ piece from last month on the finances of softcore porn-monger (not that there's anything wrong with that) American Apparel rather evokes the Clinton campaign, with its internecine battles (e.g. between founder Dov Charney and CFO Ken Cieply) played out all-too-publicly in SEC filings... (Did the company actually confess in one filing to have "inadequate expertise in the application of US generally accepted accounting principles?" Almost too good to be true.)
We're talking about a company with $400 million in annual sales here.
I'm a bit slow on the uptake here, but this WSJ piece from last month on the finances of softcore porn-monger (not that there's anything wrong with that) American Apparel rather evokes the Clinton campaign, with its internecine battles (e.g. between founder Dov Charney and CFO Ken Cieply) played out all-too-publicly in SEC filings... (Did the company actually confess in one filing to have "inadequate expertise in the application of US generally accepted accounting principles?" Almost too good to be true.)
We're talking about a company with $400 million in annual sales here.
posted by hellisotherpeople at 12:18 PM
<< Home