Founder and CEO of American Apparel, Dov Charney has been let go from the company following allegations and investigations of misconduct. No exact reason for the ouster has yet been given, but based on past allegations, the guy was an anti-Semitic, homophobic, sexually aggressive slime ball, so it probably has something to do with that.

No word yet on who will replace him, so check back here for more information as it comes.

RELATED: AMERICAN APPAREL ACTUALLY FEATURED THIS 62-YEAR-OLD IN A LINGERIE CAMPAIGN