Lululemon Athletica’s shares spiked Friday after the company’s CEO Calvin McDonald announced his resignation amid declining US sales, with its founder putting the board on notice about a potential proxy battle.After seven years at the helm, McDonald is stepping down on Jan. 31 and will remain as an advisor to the company through March, he said on a Thursday earnings call discussing two straight quarters of decreasing North America sales.“We agreed that the timing is right for a change,” McDonald said of his ...

Following criticism from fans regarding the change to its popular "Old Timer" logo, Cracker Barrel is now facing heat from investors and even a competing executive, who is responsible for a billboard reading "Fire the CEO." The purchaser of the billboard in Nashville, Tennessee, is the CEO of Steak 'n Shake, Sardar Biglari, the fast food chain confirmed on Thursday, Sept. 18, in a social media post. Biglari, who is a longtime investor in Cracker Barrel and owns nearly 3% of the company's shares, is leadi ...