Shocking CEO downfalls

POSTED: 10:16 AM PST Mar 01, 2013    UPDATED: 05:45 AM PDT Jun 19, 2014 

American Apparel's controversial founder and CEO is the latest to make a shocking departure.

CEO Downfalls - GM
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Ed Whitacre (GM) -- The news in September 2010 that Whitacre was being replaced came as a surprise, as it happened just days before GM's initial public offering. It also came less than a year after he became the company's permanent CEO.

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