Faculty in the Media: The Rise and Fall of American Apparel
Management professor James S. O'Rourke provided commentary for the CNBC report “The Rise And Fall Of American Apparel.” His remarks begin at the 7:01 mark.
“You're beholden to multiple stakeholders. You have an obligation to your customers, to your employees, to your vendors and to your suppliers. You have an obligation, as American Apparel filed out about 2009, you have an obligation to federal regulators. There's a whole set of rules you have to play by, and often charismatic entrepreneurs just don't get it.”
James O'Rourke