lululemon founder Chip Wilson votes against re-election of outside directors lululemon founder Chip Wilson announced that he voted against the re-election of Michael Casey and RoAnn Costin to the board of lululemon. "After being asked by the Board to come back from Australia to help the company recover from the product recall last year, I have decided to vote against the re-election of the company's outside Board members. While I am excited about the new management team that I helped put in place, I am concerned that the Board is not aligned with the core values of product and innovation on which lululemon was founded and on which the company thrived. As a 27% shareholder in the company, I believe change is now needed at the Board level to increase shareholder value."
Lululemon Athletica active call volume attributed to renewed takeover chatter Lululemon Athletica March weekly 66 and 70 calls are active on total call volume of 7K contracts (1K puts) on renewed takeover chatter. March weekly call option implied volatility is at 49, March is at 40, April is at 44, June is at 35; compared to its 26-week average of 36 according to Track Data. Active call volume suggests traders taking positions for upside price movement.