I just saw that Chip Wilson, the founder of Lululemon, is making significant moves within the company. According to his letter to shareholders, he is dissatisfied with how the current board has responded to his proposed reforms, so he has decided to nominate three new directors to the board.

The interesting part is that Wilson considers the board's response to be quite weak and insufficient to address the issues he has identified. This suggests there could be more changes on the horizon, possibly including additional replacements of board members if things do not progress as he expects.

It's a typical move when a founder feels that the current management is not aligned with his vision. Chip Wilson is being quite direct in his communication with shareholders, indicating that he sees this as an urgent matter requiring immediate attention. We will see how the rest of the board responds to this pressure.