...putting all the internet philosophy, armchair'd or otherwise, aside here, Mizrahi was certainly not learning from his mistakes...and demonstratively so. He was still insisting on expenditures on his signature interiors (read: feature creep), instead of making sure everyone gets paid under the receivership agreement...or least how I read why he was shown the door in part. And that seems one example of many him playing fast, loose and disingenuously with his creditors' money. So this strongly suggests that he hasn't given pause and owned the mistakes he's made. I'm sure he's wonderful person outside of that, but I wouldn't trust him even with a three dollar bill at this point. And therefore, it's likely the best that he's out of the way on this project, IMO.
It's sad to see him go, but I'm not sorry to see him go.