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(CNN)   CEO of Lululemon Dennis Wilson sells $50 million worth of stock just days before shares of the company plunge after weak earnings. Transparency only applies to your clothing lines, apparently   ( divider line
    More: Fail, Lululemon Dennis Wilson, CEO, CFO John Currie  
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2312 clicks; posted to Business » on 12 Sep 2013 at 1:23 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

Voting Results (Smartest)
View Voting Results: Smartest and Funniest

2013-09-12 01:32:56 PM  
3 votes:

FrancoFile: Where in TFA do you see that the CEO sold stock?

Apparently, even subby can't be bothered to read TFA these days.
2013-09-12 05:45:17 PM  
1 vote:
Good God! Could this thread suck any more?
Let me fix it.
2013-09-12 05:29:29 PM  
1 vote:
2013-09-12 05:12:59 PM  
1 vote:
He was pickin' up Good Vibrations...
2013-09-12 04:56:07 PM  
1 vote:
2013-09-12 02:19:50 PM  
1 vote:
What's the difference between yoga and stretching?

$100 sweatpants.
2013-09-12 01:38:08 PM  
1 vote:

EvilEgg: Wouldn't the professional investors notice this and drive the stock down as he is doing it?  I mean if you're the CEO and you're unloading bunches of stock, someone is going to figure you might know something

THIS. Insiders cannot make trades without filing certain papers and dumping that much stock would draw a lot of attention as it happens. Only way this could have happened is if it was a "pre-planned" sale of stock that has to be part of a contract that is well known by all the major investors.
2013-09-12 01:37:49 PM  
1 vote:
Anyone who believes the stock market is a level playing field for every investor is a damn fool.
2013-09-12 12:58:48 PM  
1 vote:
Where in TFA do you see that the CEO sold stock?
2013-09-12 12:33:25 PM  
1 vote:
Looks like he knew things were headed downward, dog.
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