In an incentive program to reward key employees, American Apparel has granted 6.5 million shares of company stock to about 70 executives, nonmanagement employees and consultants. The company paid the...
December 3, 2010
American Apparel Grants 6.5M Shares to Employees
The cash-poor company financed those payments by selling 1.1 million treasury shares of its common stock to chairman and chief executive officer Dov Charney.
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