Lululemon Founder Steps Down

stilicho

Trurl's Electronic Bard
Joined
Feb 6, 2007
Messages
4,757
Lululemon Athletica CEO Dennis Wilson has been removed from his executive duties but remains chairman:

http://www.nytimes.com/2012/01/07/business/lululemon-athleticas-founder-takes-a-step-back.html?_r=1

Many here remember that Lululemon is allegedly a good company. Its founder branded Lululemon's shopping bags with drivel culled from Ayn Rand novels and such nonsense. He also "earned" millions disposing of shares above the market price:

http://finance.yahoo.com/q/it?s=LULU+Insider+Transactions

I have nothing against people looting their own companies and frankly urge everyone to give it a shot if you can get away with it.

However, I stand by my original statements that Lululemon is a bad company and may accidentally become a good one since the demotion of the idiot who perpetrated this fraud upon consumers and investors alike.
 
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ETA the entire thread that I think you are referring to has been moved to AAH.
 
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