Lululemon Sued Over Bonuses Before Pants Recall
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Lululemon Athletica Inc. was sued by a shareholder demanding records about the yoga-wear maker’s decision to increase executive bonuses just before it recalled shipments of women’s pants for being too sheer.
Even though the recall may cost the company $60 million, Vancouver-based Lululemon’s directors boosted the potential payout under an executive bonus program by a third, according to a complaint filed by Hallandale Beach Police Officers and Firefighters’ Personnel Retirement Fund.