Will Money Talk? Elliott Takes $1 Billion Stake in Lululemon, Pushes for Ralph Lauren Exec to Be Next CEO

Lululemon Athletica founder Chip Wilson has been agitating for change, and the outspoken critic now has activist investor Elliott Investment Management weighing in on a potential chief executive officer candidate. The activist is in a position to make moves, and with a stake reportedly valued at more than $1 billion, Elliott’s input might have more sway with the Lululemon board than that of Wilson. And with Lululemon CEO Calvin McDonald planning to step down on Jan. 31, the timing seems perfect for the ac ...