George Zimmer founded Men’s Wearhouse and seemed to run it pretty well. The company was making a profit, and he had voluntarily handed over the CEO job two years ago. So, why did the men’s clothier fire him? One stock analyst suggests it’s just about Zimmer’s role as spokesman for the company [via BuzzFeed].
“The use of Zimmer as spokesperson has, coincidently, been under review as management has been evaluating his effectiveness, particularly with the millennial consumer.”
It may well be that a low-key guy with a graying beard doesn’t sell suits to under-20s. If so, this is not a case of a stodgy old conservative, but a graying hippie — Zimmer was a big donor to liberal Democrats.
Zimmer has given about $170,000 to federal candidates over the past three elections, almost all of it to Democrats, with a few gifts to left-leaning or moderate Republicans.
- Zimmer gave the maximum $5,000 to Obama’s re-election and also the maximum $4,600 to Obama’s 2008 election.
- Zimmer gave most of his money to California Democrats, including far-left liberals Barbara Lee and Pete Stark.
- After maxing out to Obama in the primary ($2,300) in June of 2011, Zimmer gave $500 to Hillary Clinton in the primary.
- Men’s Wearhouse has no political action committee and reported no spending on lobbying.