Lululemon CEO Quits, Stock Does Downward Dog
Day's departure not connected to see-through pants, firm says
By Rob Quinn, Newser Staff
Posted Jun 11, 2013 1:22 AM CDT
Updated Jun 11, 2013 5:18 AM CDT
A woman walks past the Lululemon Athletica store at Union Square in New York.    (AP Photo/Mary Altaffer)

(Newser) – Yoga-wear maker Lululemon's CEO Christine Day has abruptly announced her departure from the firm, surprising analysts and spooking investors. Day—who has presided over soaring growth in her five years at the firm—told the board she was tired of working 18- to 20-hour days and she would prefer to step aside instead of spending the next few years traveling extensively to oversee Lululemon's international expansion, insiders tell the Wall Street Journal.

"This was a personal decision of mine," Day, 51, said in a conference call with reporters. "It's never a perfect time to leave a company you love." The announcement sent the company's shares tumbling 14% in late trading yesterday. Lululemon says the decision is "entirely Christine's" and is unconnected to the see-through yoga pants debacle that embarrassed the firm and cost it tens of millions of dollars in sales earlier this year, CNN reports.

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Showing 3 of 12 comments
Jun 11, 2013 8:49 AM CDT
She Hatha go.
Jun 11, 2013 3:54 AM CDT
Okay, you lost me at the point where you personified the stock and then had it do yoga. I'm not bright enough to understand that allusion, so I ask you to simply tell me what the stock did. Fvck it, I just remembered that I don't give a shit.
Jun 11, 2013 1:39 AM CDT
18-20 hours, my ass. That's the problem. A CEO count their time in a car, plane, golf course, restaurant, etc as work. Do the rest of us get to count our commute as work? If I go to the golf course with a colleague, do I get to write that off as overtime? Get the hell out of here. You are lucky if a CEO puts in a total of 10 hours a week of REAL work. This entire system is upside down. Those on top want to nit-pick every last minute of the hourly guys paycheck and yet they piss away more money than what the entire hourly payroll is combined. I hope this b**** falls down a deep ravine.