Lululemon’s Chip Wilson is giving the company a severe case of ‘post-founder syndrome’

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',a=n._store.getNotifications(),r=n._generatePanelMarkup(o,a),i.innerHTML=r;break;case"error_panel":r=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=r}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),j=function(){function e(t,n,o){E(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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e=this;e._store.resetNewCount(),e._view.updateBadgeNode(e._badgeNode),M(e._badgeNode,e._config.badge.hideClass)}},{key:"_showIndicator",value:function(){this._indicatorNode&&(this._store.getNotifications().newCount?M(this._indicatorNode,this._config.panel.indicatorClass):I(this._indicatorNode,this._config.panel.indicatorClass))}},{key:"_showBadge",value:function(){var e=this;e._store.getNotifications().newCount?I(e._badgeNode,e._config.badge.hideClass):M(e._badgeNode,e._config.badge.hideClass)}}]),e}(),F={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0,bypassEligibleClassCheck:!1,notifOnboardBtnLabel:"Notify Me",notifOnboardMsg:"Get alerts for breaking news and top stories",promoLogo:"https://s.yimg.com/cv/apiv2/ae/news/circle_bell.png",showYahooLogo:!0,subscriptionTopic:"gondor_homerun_news"},badge:{hideClass:"",maxCount:5,selector:""},panel:{emptyPanelMsg:"You have no new 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n,o,i,r=e.getConfig();if(t.ybar&&["desktop","tablet"].includes(r.device)&&(null===(n=r.bucketConfig)||void 0===n?void 0:n.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){t.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=t.searchForm)||void 0===i||i.classList.add(Ft[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Ft.overlay,Ft[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(t.searchForm,"focusout",(function(e){if(t.searchForm&&t.searchInput){var n=e.relatedTarget;n&&!t.searchForm.contains(n)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,o),Vt(e,o),o.searchGradientBorder){var i=!1;o.searchInput.addEventListener("keydown",(function(e){var 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chat from Fortune.Good morning. Good morning. Phil Wahba writing this morning from New York. What’s a company to do when the founder has left—but hasn’t moved on? That’s the plight Lululemon, which reports earnings today after the bell today, finds itself in more than a decade after founder Chip Wilson departed its board. Though his methods have varied—full page newspaper ads berating the board, LinkedIn posts criticizing strategy, open letters to shareholders—Wilson has been adamant that leadership is doing just about everything wrong. I delve into the drama in my latest feature for Fortune. But the question I explore is one familiar to any company with a charismatic and dogged leader who sees the company they founded fumble—and can’t stay away.There’s even a name for it, “post-founder syndrome,” in which executives who built highly successful companies criticize successors’ perceived stumbles with an “only I can do this properly” attitude. (See: the founders of Starbucks, Papa John’s Pizza, and Nike.) In his Wall Street Journal ad last autumn, Wilson delivered a rather self-aggrandizing disquisition on why Lululemon had drifted: “A company bereft of a visionary loses its singular voice for product and long term strategy,” he intoned.Wilson’s latest volley was to launch a proxy war, followed by open letters (many of them) to make his case and convince other shareholders to replace three directors at the next annual meeting. He hopes to reshape Lululemon’s board which he blames for letting the company’s culture of innovation disintegrate.Things between Wilson and the company went south after he left the board in 2015 (he stepped down as chairman in 2013 in the wake of comments about women’s bodies construed as fat-shaming, creating one of the biggest crises in the company’s history). However in the first nine years following his departure, Lululemon’s revenue proceeded to triple. (It is expected to report $11 billion a year in revenue for 2025.)Today, though, he does have a lot of company in feeling Lululemon is adrift: shares have fallen 68% from their all-time high in 2023 as its U.S. sales have slid, raising fears that it hasn’t introduced enough new merchandise or uphold the technical leadership in its activewear, and has lost brand cache to brands like Alo Yoga. And in my reporting I found that like many founders, Wilson still wields enormous influence inside the company, especially with long-time employees who saw first hand how he stoked a culture of excellence and pioneering.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersSWMR Swarmer, Inc Common Stock 55.66 +24.66 (+79.55%)BTC-USD Bitcoin USD 71,764.10 -2,754.28 (-3.70%)LULU lululemon athletica inc. 168.10 +8.83 (+5.54%)TTD The Trade Desk, Inc. 23.78 -1.29 (-5.14%)DVLT Datavault AI Inc. 0.9156 +0.1386 (+17.84%)PortfolioSign in to access your portfolioSign inTop gainersANDG Andersen Group Inc. 29.71 +4.82 (+19.37%)RGC Regencell Bioscience Holdings Limited 26.55 +3.58 (+15.59%)AXTI AXT, Inc. 50.68 +6.32 (+14.27%)KC Kingsoft Cloud Holdings Limited 14.95 +1.83 (+13.93%)HTFL Heartflow, Inc. 25.52 +3.00 (+13.32%)Top losersSAIL SailPoint, Inc. 12.76 -1.95 (-13.26%)NG NovaGold Resources Inc. 8.69 -1.05 (-10.83%)BGSI Boyd Group Services Inc. 144.28 -17.34 (-10.73%)TMDX TransMedics Group, Inc. 111.90 -12.82 (-10.28%)SA Seabridge Gold Inc. 27.76 -3.09 (-10.02%)Most activeNVDA NVIDIA Corporation 182.97 +1.04 (+0.57%)PLUG Plug Power Inc. 2.3550 +0.0250 (+1.07%)ONDS Ondas Inc. 11.22 -0.06 (-0.53%)SOFI SoFi Technologies, Inc. 17.48 +0.10 (+0.60%)INTC Intel Corporation 45.23 +1.17 (+2.66%)Top economic eventsEarnings eventsMy earnings eventsEarnings events