Tim Cook called to ‘kiss my a**’: Donald Trump’s post on ‘incredible’ Apple CEO is all about himselfDonald Trump’s post on Tim Cook’s succession announcement has prompted varied reactions. Published on: Apr 22, 2026 6:53 AM IST By Trisha Sengupta Share via Copy link President Donald
India, US seek greater clarity on trade issuesThe Indian negotiating team, led by Additional Secretary Darpan Jain, met US negotiators led by Assistant US Trade Representative Brendan Lynch to begin talks. Updated on: Apr 22, 2026 7:35 AM IST By Shashank Mattoo Share via Copy link Another round of
Ten years ago, Leicester were days away from winning the Premier League. Next season, they will play in League One. The Foxes have suffered a sharp decline since winning the FA Cup in 2021, and Tuesday's 2-2 draw with Hull City confirmed their relegation to the third tier.Ten years ago
The Congress on Tuesday submitted a privilege notice to Lok Sabha Speaker Om Birla against Prime Minister Narendra Modi, alleging that his national address on April 18 “cast aspersions” on Opposition MPs. In a letter to Birla, Congress MP KC Venugopal said that a prime minister criticising the
Global oil prices traded lower on Wednesday morning after US President Donald Trump announced an extension of the ceasefire with Iran to allow talks to continue toward a “unified proposal”. However, the ongoing US naval blockade of Iran and the prolonged closure of the Strait of Hormuz limited
Lululemon founder Chip Wilson launches proxy fight for board shakeup
Lululemon founder Chip Wilson has launched a proxy fight by nominating three independent directors to the company's board, days after the athleisure maker announced the exit of CEO Calvin McDonald. Wilson said the board had failed on oversight and succession planning, arguing that shareholders would not trust a new CEO chosen by the current board.
Lululemon Athletica's founder Chip Wilson said on Monday he had launched a proxy fight by nominating three independent directors to the company's board, days after the apparel maker announced the exit of CEO Calvin McDonald.
Lululemon shares have shed nearly half their value this year as the company struggles to find its footing with younger and affluent shoppers, while battling stiff competition from fast-growing newer rivals such as Alo Yoga and Vuori, as well as pressure from activist investor Elliott Management.
Wilson has nominated three director candidates to Lululemon's board, including former On Running co-CEO Marc Maurer, former ESPN Chief Marketing Officer Laura Gentile and former Activision CEO Eric Hirshberg.
"The recent CEO change announcement was the third total failure of board oversight with no clear succession plan in place. Shareholders have no faith that this board can select and support the next CEO without input from a board with stronger product experience," Wilson said in a statement.
Earlier this month, the company said CEO McDonald would step down in January, joining a long list of leadership shake-ups across global consumer companies and retailers.
Elliott Management also disclosed a $1 billion stake in the company earlier this month, and Reuters reported citing sources that the activist investor had been working closely for months with former Ralph Lauren executive Jane Nielsen for a potential CEO role.
Wilson had spoken to Nielsen, but believed Lululemon shareholders would not trust any CEO who is picked by the current board, and thus wanted to change the board first, the Wall Street Journal reported earlier in the day.
Lululemon did not immediately respond to a Reuters request for comment.
Wilson is one of the biggest independent shareholders of the company, with a 4.27% stake as of December 2025, according to LSEG data.
The yogawear maker's founder had previously called for an urgent search for a CEO to replace McDonald, led by new, independent directors with a deep knowledge of the company to restore a "product-first" mindset at the company.
Vancouver-based Lululemon had named its finance chief Meghan Frank and chief commercial officer Andre Maestrini as co-interim CEOs, while board chair Marti Morfitt was named executive chair in December.
This is not the first time Wilson has pushed for changes at Lululemon's board.
After founding the apparel company in 1998, Wilson withdrew from daily operations in 2012 and later resigned as chairman in late 2013 following a recall of see-through yoga pants that led to departures of top executives amid a public-relations storm.
He also quit the director post in 2015 after clashing with the board over strategy. However, a proxy fight was averted after Wilson agreed to sell about half of his 27% stake to private equity firm Advent International for $845 million in return for two additional director positions.
Add as a Reliable and Trusted News Source Add Now!
Source: EconomicTimes
Related Posts: Why nominating at ET AI Awards 2025 are the real game-changers Lululemon squeezed by tariffs and weaker sales Pak condemns US strike on Iran day after nominating Trump for Nobel Peace Prize A'ja Wilson has 31 and 11 rebounds Tech YouTuber Lamarr Wilson’s cause of death revealed by Los Angeles authorities Chiefs hand a shock to Russell Wilson with Justin Fields move Bale left big boots to fill - will Wilson fire Wales to World Cup Sterling & Wilson Urges SEBI Action Susie Wilson-Rowe Cancer Diagnosis Sends Shockwaves Through Women’s Cricket Purbayan Chatterjee And Steven Wilson Create A Historic ‘Raga Meets Prog Rock’ Moment In Mumbai
For most tourists heading to the picturesque meadows of Pahalgam in Kashmir, the first stop for many years has been a stone-paved pathway built along the banks of river Lidder. Standing in its middle, a decorative frame of wooden beams with colorful letters saying “I love Pahalgam”
59 minutes ago
Is Kevin Durant playing tonight? NBA injury analyst's concerning update with Game 2 status uncertainKevin Durant hurt his knee in practice after a collision caused a patellar tendon bruise; experts warn it could worsen. KD's status for Game 2 is uncertain. Published on: Apr 22
59 minutes ago
Sundar Pichai reacts to Tim Cook’s 1st tweet after Apple confirms John Ternus as new CEOTim Cook will become the executive chairman of Apple’s board of directors. John Ternus will assume the role of CEO on September 1. Published on: Apr 22, 2026 7:37 AM IST By Trisha Sengupta Share via Copy
59 minutes ago
Supreme Court agrees to hear plea challenging NIA ActThe court heard a PIL by Kerala lawyer Mohammed Mubarak Ali, also an accused in an NIA case on alleged unlawful activities of banned outfit PFI. Published on: Apr 22, 2026 7:44 AM IST By Abraham Thomas Share via Copy link The Supreme Court on
59 minutes ago
Congress MP K. C. Venugopal has moved a privilege notice against Prime Minister Narendra Modi, alleging he cast aspersions on opposition MPs during his April 18 address by criticising their vote against the Constitution (131st Amendment) Bill, 2026
59 minutes ago
Bombay High Court Hall Ticket 2026 for peon posts released at bhc.gov.in, direct link to download hereBombay High Court Hall Ticket 2026 has been released for peon posts. The direct link to download the admit card is given here. Updated on: Apr 21
59 minutes ago
SBI Life Insurance Q4 FY26 Results Preview: Mumbai-headquartered SBI Life Insurance Company is set to report its financial results for the January-March period on Tuesday, April 22. Analysts expect the insurer to stage a mixed Q4 performance
59 minutes ago
Tim Cook steps into a new role as executive chairman, dedicating more time to global diplomacy for Apple. He will engage policymakers worldwide amidst US-China trade friction and rising geopolitical tensions. Cook's experience in building Apple's China operations and his relationship with Donald
59 minutes ago
The FIVB has tasked an existing steering committee comprising Indian Olympic Association (IOA) Executive Council member Rohit Rajpal, CEO Raghuram lyer, FIVB General Sports Director Steve Tutton, FIVB Head of Legal Affairs and General Counsel Stephen Bock and Hitesh Malhotra
59 minutes ago
BPCL Recruitment 2026: Apply for 250 Junior Executive and other posts at bharatpetroleum.in, link hereBPCL will recruit for Junior Executive and other posts. Eligible candidates can apply at bharatpetroleum.in. Published on: Apr 21, 2026 2:25 PM IST By HT Education Desk | Edited by Papri Chanda
59 minutes ago
Reese Witherspoon responds to criticism over her stance on AI: ‘No one is paying me to talk about this’Reese Witherspoon has responded to backlash over comments on AI, also addressing speculation about whether she was being paid to promote the technology. Apr 22, 2026
59 minutes ago
Gold and silver prices in India fell to one week lows as the US dollar strengthened, with 24k gold near Rs 1,52,830 per 10 grams and silver around Rs 2,60,000 per kg Gold and Silver Rates In India Today, April 21: Gold and silver prices remained flat on April 21
59 minutes ago
The Ministry of Electronics and IT has proposed stricter norms mandating continuous, clearly visible labels on AI-generated content throughout its duration under the IT Rules, 2021. The move aims to curb deepfake risks. The public consultation deadline has been extended to May 7 amid wider
59 minutes ago
K-pop mogul Bang Si-hyuk, the man who created supergroup BTS, could be arrested on charges of fraudulent trading before his $7.3bn company went public. South Korean police have asked prosecutors to request a court warrant over accusations that he misled investors in 2019
59 minutes ago
Police have charged a fourth man in the alleged kidnap and murder of a Sydney grandfather who authorities say was taken by mistake. The charges come two months after widower Chris Baghsarian, 85, was kidnapped in a pre-dawn raid at his North Ryde home
59 minutes ago
Karnal: ₹5 lakh for kin of Panipat sexual assault victimAn interim assistance of ₹2 lakh has been immediately transferred to the victim’s parents’ accounts for his education.Also an additional ₹3-lakh fixed deposit was placed in his parents’ accounts
59 minutes ago
Shehbaz Sharif has expressed gratitude to US President Donald Trump for agreeing to extend the ceasefire in the ongoing US-Israel-Iran conflict, saying the move supports continued diplomatic efforts to achieve lasting peace. In a post on X, Sharif said he hopes both sides will maintain the
59 minutes ago
Farah Khan agreed to act in Toaster because of Rajkummar Rao and Patralekhaa, says Vivek Daschaudary | ExclusiveFilmmaker and choreographer Farah Khan has a cameo role in Toaster. Director Vivek Daschaudary shared why she was apt for the part. Apr 22, 2026
59 minutes ago
Step into pretty much any shopping mall in Singapore and you're likely to find queues snaking outside shops with catchy names and bright-coloured branding. Chinese brands like Chagee, Molly Tea and Mixue are drawing crowds – not just in Asia
59 minutes ago
Global oil prices fluctuated in early Asian trading on Wednesday as the status of peace talks between the US and Iran remains unclear. On Tuesday, US President Donald Trump said he will extend a ceasefire with Iran until talks between the two countries have progressed
59 minutes ago
Among the cruel ironies of the Myanmar civil war, now in its sixth year, is that for an army that is struggling to conscript soldiers, the Myanmar junta has repeatedly bombed its own troops held as prisoners of war. In this garrison state, it appears everything may be sacrificed to keep the
59 minutes ago
Tamil Nadu Assembly Elections 2026: Ahead of polls in Coimbatore and nearby districts, widespread allegations of “cash for votes” have surfaced, with voters reportedly receiving ₹1,000–₹5,000 or coupons. Despite police checks, parties are accused of covert distribution
59 minutes ago
A three-day shutdown by Naga civil bodies intensified disruption in Manipur’s hill districts, adding to paralysis in the valley. Protests and blockades forced the Chief Minister to take a helicopter route, while police used controlled firing to disperse a violent mob, leaving one person injured
59 minutes ago
Haryana: Woman found hanging at PG accommodationA preliminary investigation suggested that the deceased was from Jind who had a love marriage with a Karnal resident three years ago; her spouse allegedly ended his life recently Published on: Apr 22, 2026 7:58 AM IST By Press Trust of India
59 minutes ago
Love Horoscope Today for April 22, 2026:Love Horoscope Today: Find daily astrological predictions for all sun signs. Published on: Apr 22, 2026 7:30 AM IST By Kishori Sud Share via Copy link Are you worried about your love life? Love Horoscope Today reveals what the stars have in store for your
59 minutes ago
Chelsea head coach Liam Rosenior said his team's performance in their defeat by Brighton was both "indefensible" and "unacceptable" as he faced angry chants from his own supporters for the first time. The chants began when Chelsea fell 1-0 behind at the Amex Stadium
59 minutes ago
United States President Donald Trump said on Tuesday that he was extending the ceasefire with Iran until Tehran comes up with a proposal to end the conflict in West Asia permanently. Trump made the announcement hours before a two-week ceasefire, which began on April 8, was due to expire
59 minutes ago
