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Before CEO’s Departure, Lululemon Chairman Sold $50 Million In Stock

Chairman Dennis “Chip” Wilson reportedly sold off 607,545 shares at a price of $81.50 per share, for a profit of $49.5 million. Shortly thereafter, the company’s CEO announced her departure, and shares plummeted.

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About the author

Jessica Hullinger is a London-based journalist who covers science, health, and innovation. She currently serves as a Senior Editor at TheWeek.com

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