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.
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.