People are suggesting Lululemon's most-tenured board member isn't even a real person
The Street has set off a wave of speculation about a mysterious board member.
Reporter Anders Keitz tried to contact Rhoda Pitcher, who has been on the board of the company for longer than anyone else - more than ten years - but ran into some problems.
The Street couldn't verify much of her work experience, such as a consulting agency that she found which didn't have a website. The university from which she claimed she received her masters' degree isn't accredited and the address revealed a home.
However, her consulting firm, Rhoda M. Pitcher, Inc. was reportedly confirmed by to exist by The Street's Real Money. The Street said it was registered by the Aguiar Group in Washignton, though Aguiar CEO Carmen Aguiar wouldn't comment on the issue. More confusing, the business address for the firm appeared to be a home, according to The Street.
All of this comes on the heels of an interesting time for Lululemon's board. A few weeks ago, Lululemon founder Chip Wilson wrote a frustrated open letter to shareholders, claiming that the company has "lost its way."
In an interview with Business Insider, Wilson said that one of the company's biggest problems was "board entrenchment," meaning that executives haven't been flexible about making changes to the business.
Both Lululemon and Chip Wilson's teams did not immediately respond to Business Insider's requests for comment.
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