The news that Hanesbrands Inc. has officially severed its ties with actor Charlie Sheen comes as no surprise given the domestic violence charges facing the star of CBS Corp.'s hit comedy Two and a Half Men. What is surprising is that it took the maker of T-shirts and underwear more than two weeks to make what would seem to be a no-brainer of a decision. That long pause was almost as strange as the now-suspended advertising campaign featuring Sheen and basketball great Michael Jordan.
I can only imagine the frantic meetings that must have been going on in the offices of Hanesbrands' Winston-Salem, N.C, headquarters since Sheen's Christmas day arrest for allegedly threatening his wife, Brooke, with a knife. Tabloid reports have claimed that she was drunk at the time, and that he, who had claimed for years to have conquered his substance-abuse problems, was intoxicated as well. Domestic violence, of course, is a horrendous problem, and the couple are the parents of two toddlers, who matter a hell of a lot more than underwear ads. But for shareholders, Charlie and Brooke are not the villains in this story: Hanes is.
Throughout the scandal, Hanes buried its head in the sand. The company ducked the press for a while, at least calls from DailyFinance. Perhaps Charlie Sheen's agent had convinced executives that the story would blow over, or maybe they were just closing their eyes and hoping it would go away. The statement the company released today -- after no doubt many hours of blood, sweat and tears -- was pretty innocuous.
"Hanes is not running the Hanes television commercials featuring Charlie Sheen, and those commercials will not run again," the statement says. "The commercials were suspended effective Dec. 28, the first date possible after Mr. Sheen's Christmas Day arrest. There are a few trade publication print advertisements featuring Mr. Sheen scheduled to run this spring. Unfortunately, the production schedule
of those publications do not allow us to pull those ads."
http://www.dailyfinance.com/story/media/why-did-hanes-stand-by-charlie-sheen-for-so-long/19306962/