Lululemon founder Chip Wilson: Board of directors is real issue at the company

In a paid advertisement in the journal this week, Lululemon founder Chip Wilson likened the decline of the athleisure brand to a plane crash due to a quote series of mistakes. Lululemon responded in a statement to CNBC denouncing the ad and the company's founder, saying in part, "Chip Wilson has not been involved with the company for a decade, and he continues to make inaccurate and misleading statements about Lululemon, our history, and our board and leadership team. Lululemon shares are down more than 60% ...