In this file photo, George Zimmer, second from left, gestures to Andy Dolich prior to a meeting, in Oakland, Calif. Men's Wearhouse Inc. says it has dismissed Zimmer, its founder and executive chairman. (AP Photo/Ben Margot, File)
10:53 pm ET -George Zimmer founded the men's clothier and led it to significant growth over four decades: from one store in Texas to 1,143 locations. Even so, the company's board has abruptly fired him. According to his contract, he will continue to be compensated for appearing in the company's ads and marketing.
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