Ousted Chief of Retailer Strikes Back at Directors
By MICHAEL BARBARO
Published: October 12, 2007
When the board of Children’s Place ousted its chief executive, Ezra Dabah, several weeks ago over supposed violations of the company’s code of conduct, the clothing retailer assumed he would leave quietly. He isn’t.
Mr. Dabah fired off a testy letter last night to the acting chairwoman of Children’s Place, charging that his resignation was “solely attributable to a power play by certain members of the board” and upbraiding the company for making remarks “that have disparaged my good name and reputation.”
The two-page letter, by turns angry and boastful, suggests that a nasty behind-the-scenes battle played out at the company over Mr. Dabah’s conduct, resulting in a split board vote on whether he should remain in the job.
Hinting at a conspiracy, Mr. Dabah writes of “personal motives of certain directors” and their “misleading” statements.
The letter is likely to create an awkward situation for the management of Children’s Place, which operates the Disney
Store chain. Mr. Dabah, 54, is still a board member and the company’s largest single shareholder.
He resigned on Sept. 26 after an internal inquiry found he did not comply with company rules governing the disclosure of stockholdings and trading.