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Camping World CEO Marcus Lemonis reacted to the controversy surrounding the American flag in his Stateville, North Carolina store, informing FOX Business of its long-term legal battle.
"We have been flying this flag for a long time," he said in an interview with "Bulls & Bears" on Thursday. "As I told the city … it will never come down under any circumstances."
The City of Statesville has filed a lawsuit against Gander RV and its parent company, Camping World, for violating a city ordinance with a 3,200 square foot American flag. In a statement, the city said the company had previously applied for and obtained a permit for a 1,000 square foot compliant flag.
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Lemonis said the recreational vehicle retailer sported the same flag and post in more than 180 cities across the country, which was part of the company's DNA. He was fined $ 50 a day, for a total of more than $ 10,000 retroactively in October.
"I do not normally advocate violating orders and things of this nature, but we have 14,000 employees and several million customers and I also have the fiduciary responsibility to abide by their decree."
Lemonis said the flag complied with federal aviation rules.
"We know that before the flag comes up, we want to make sure people are safe," he said. "We do not play with the FAA in terms of air traffic rules."
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| CWH | CAMPING WORLD HOLDINGS INC | 11.20 | -0.11 | -0.97% |
Camping World is a publicly traded company and, according to Lemonis, is not employed by the company and does not receive a pay check. He is willing to pay the legal fines at the request of the board of directors and the company.
"In this particular case, I think that the board of directors and the company would like to pay the fine themselves, because they feel that it is a position of our company, not just a market position. "
Lemonis said he owns 36 million shares of Camping World.
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If the court grants the injunction, said Lemonis, he would be in charge of removing the flag. Failure to do so may result in contempt of court.
"I would never want to break the law or be in contempt of any court, but in this particular situation, I understand that if I do not comply with this order, I could and would be arrested and incarcerated until what the flag fell. "Lemonis is also the celebrity entrepreneur and the host of CNBC's" The Profit. "
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