Is the Richest Man on LA's Eastside Dov Charney?
Jesus Sanchez at The Eastsider LA was curious who be the richest in the land of the hippest. Hypothesis: American Apparel's Dov Charney: "Last year, Charney, who sold off his company but remains in charge as CEO, earned a salary topping $8 million. In addition, the company granted him stock options worth nearly another $8 million. Of course, Charney, like everyone else with stock and a 401k, has taken a big hit. Still, the American Apparel stock he got when he sold the company is now worth, at least on paper, nearly $200 million, based on Thursday's closing stock price. That would buy enough $17, American Apparel pocket t-shirts for just about everyone living in Los Angeles and Orange counties."