Taking the Starch Out Of an American Icon
Profile of Fruit of ther Loom, which three years ago was trading at $44 a share under leadership of its chief executive, William F Farley; currently, firm's shares are trading at $1.31 and company is wallowing under Chapter 11 bankruptycy protection; growing band of critics point to Farely, ousted by board of directors last August, as having sterred company toward disaster for years; Farley defends his tenure and insists his conduct was beyond reproach, interview; his photo; chart profiling company (L)
