The Globe and Mail reports in its Saturday edition that Gildan Activewear co-founder Glenn Chamandy says he had no plans to leave his job as chief executive officer and that the board of directors' decision to dump him last week was the result of a "failed process" that blindsided investors. The Globe's Nicolas Van Praet writes that a shareholder revolt is now brewing to try to get him reinstated. Mr. Chamandy says: "I'm very angry with the way they handled me, to be honest with you. I had no intention of leaving. You know, my view is that I would leave when I think the time is right for the company." Gildan chairman Donald Berg says there was a disagreement with Mr. Chamandy over the timing of a leadership handover. He says Mr. Chamandy wanted a longer process while the board's timeline was shorter. Mr. Berg says a CEO change made sense because Gildan is performing well. Mr. Chamandy, however, says there was no urgency for any leadership change. He says the board should have stuck with a proven and steady hand at a time when the company is expanding its manufacturing footprint and the macroeconomic picture remains challenging. He says the succession process lacked transparency and failed to engage shareholders.