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Lululemon Founder Chip Wilson Launches Proxy Fight to Change Board [Yahoo! Finance]
Last costco wholesale corporation earnings: 3/5 04:15 pm
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Wilson has nominated three director candidates to the company's board, according to people familiar with the matter. Why a $500 Steak Dinner Only Yields a $25 Profit There's No Happy Ending for Movie Theaters, No Matter Who Wins Warner Dallas Is Booming—Except for Its Downtown Sam's Club Is Beating Costco at Its Own Game—in China In a Wild Year for Markets, Investors Who Did Nothing Did Just Fine The nominees are former On Running co-CEO Marc Maurer, former ESPN Chief Marketing Officer Laura Gentile and former Activision CEO Eric Hirshberg, the people said. Wilson isn't trying to put himself back on the board, which might come as a surprise to some given his recent efforts to publicly target the company he started. He remains Lululemon's second-biggest shareholder, with a nearly 9% stake, according to FactSet. (Vanguard is the largest holder.) Activist investors often tap former company executives to help them shake up targets, but it is rare to see a founder of a com
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