From http://blogs.yogajournal.com/yogabuzz/:
Lululemon Founder Resigns
Photo by The Globe and Mail
Lululemon founder Chip Wilson will step down as the company’s chief innovation and branding officer effective Jan. 29, according to a press release. Wilson will continue to serve as chairman of the board of directors.
“I remain deeply committed to the company’s continued success and given the strength we’ve built into the organization over the past three years, I feel comfortable leaving the company with Christine Day at the helm of a world class management team whom I fully believe will continue to elevate our world, ” Wilson said. Day, a former Starbucks executive, was named CEO of the year by The Globe and Mail Business Magazine in late 2011.
No reason was given for the decision, but the announcement comes after widespread backlash following a controversial decision to put the Ayn Rand slogan “I am John Galt” on Lululemon shopping bags last November.
Wilson, who started off creating a surf, skateboard, and snowboard clothing company, founded Lululemon in 1998 and headed its rise to become the fastest growing yoga-lifestyle retailer in the world, with 151 stores in North America, Asia, and Australia.
Recognized as one of Canada’s wealthiest citizens, Wilson, who made Forbes’ 2011 World’s billionaire’s list, owns about 10 percent of Lululemon Athletica stock, according to The Globe and Mail. That stock hit an all-time high yesterday after the company reported strong holiday sales, contributing to an increase of roughly 80 percent over the past year, CBCNews reported.
From one former lit major to another, I submit for your reading pleasure the most entertaining Ayn Rand parody/synopsis of all time, courtesy of McSweeney's (although you may have to copy and paste, as I don't know how to enable a link in comment form):
ReplyDeletehttp://www.mcsweeneys.net/articles/our-daughter-isnt-a-selfish-brat-your-son-just-hasnt-read-atlas-shrugged
Achieving our personal best is something nearly everyone can agree is a good thing. And although that is one element that Rand is championing, there is something much more insidious in her worldview that her proponents like to hide. She thought compassion for others was a weakness that needed to be weeded out. She was an absolute materialist and thought any kind of spiritual life or existence was delusional. The only moral code that made any sense in the universe was absolute self interest. A seductive philosophy to many, no doubt. Not the world I choose to live in. It is possible to help people reach their personal best without limiting them. We can argue about methods, but I believe compassion in the world is a fundamentally good thing, and fundamentally less destructive than selfishness. A close look at Rand's life reveals a classic sociopath - someone that doesn't understand human feeling. Why else would she have idealized a serial killer in New York for being truly free of moral feeling? Some of her ideas may have been good ones, but let's consider the source.
ReplyDelete