Advertisement
New Zealand markets close in 1 hour 16 minutes
  • NZX 50

    11,739.25
    -96.79 (-0.82%)
     
  • NZD/USD

    0.5879
    -0.0026 (-0.45%)
     
  • NZD/EUR

    0.5525
    -0.0020 (-0.36%)
     
  • ALL ORDS

    7,783.20
    -115.70 (-1.46%)
     
  • ASX 200

    7,534.10
    -108.00 (-1.41%)
     
  • OIL

    84.79
    +2.06 (+2.49%)
     
  • GOLD

    2,402.70
    +4.70 (+0.20%)
     
  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     
  • FTSE

    7,877.05
    +29.06 (+0.37%)
     
  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     
  • DAX

    17,837.40
    +67.38 (+0.38%)
     
  • Hang Seng

    16,144.99
    -240.88 (-1.47%)
     
  • NIKKEI 225

    36,818.81
    -1,260.89 (-3.31%)
     
  • NZD/JPY

    90.7200
    -0.5340 (-0.59%)
     

Company founders who fell from grace

On Tuesday, a Delaware court approved a restraining order by American Apparel against the company’s ousted founder Dov Charney, preventing Charney from seeking the removal of any member of the company’s board of directors, and from disparaging the company. Charney’s just the latest in a long list of company founders who rode high, then fell from grace. - Andrew McKay