Wilson, one of Lululemon's largest independent shareholders with a 4.27% stake as of December, launched the proxy fight late last year by nominating three independent directors. While he has said he does not want a board seat himself, Wilson has made clear that he will not agree to any settlement unless two legacy directors, including chair David Mussafer, resign. The report said Wilson's frustration has been exacerbated by Advent's mixed track record in consumer investments. Advent acquired a stake in Lululemon in 2014 and has held board representation since then. The governance dispute comes as Lululemon also faces pressure from activist investor Elliott Management, which disclosed a $1bn stake earlier in December and has been working with former Ralph Lauren executive Jane Nielsen in relation to potential leadership changes. Lululemon and Advent did not immediately respond to requests for comment. The episode highlights how private equity ownership structures can become flashpoints as public companies face activist scrutiny and shifting shareholder expectations....

The transformation of ICE into a type of national police force, backed, in some cases, by soldiers from the National Guard, has been covered as immigration story'but these forces are reshaping democracy for all of us. This shift was evident even before the shootings in Minneapolis and Portland this week. In this episode, George Retes, a U.S. citizen and an Army veteran, recounts how he was detained by ICE and held for three days without explanation. The Atlantic staff writer Anne Applebaum returns as host of Autocracy in America and talks with Margy O'Herron and Liza Goitein from the Liberty & National Security Program at NYU's Brennan Center for Justice about the potential impact of these forces on elections in November. Applebaum: In this new season, I am going to ask how the Trump White House is rewriting the rules of US politics, and introduce you to some of the Americans whose lives have been changed as a result. The president and his entourage are accumulating power in ways that seem familiar to me: this is exactly how elected leaders in other countries have distorted their democracies. I want to understand how these kinds of changes work here, and what they bode for the future....

In the dead of night during the holidays, the United States launched an operation inside a Latin American country, intent on seizing its leader on the pretext that he is wanted in U.S. courts on drug charges. U.S. President Donald Trump announced that, in an overnight operation, U.S. troops captured and spirited the couple out of Caracas, the Venezuelan capital. It followed what Trump described as an 'extraordinary military operation' involving air, land and sea forces. Maduro and his wife were flown to New York to face drug charges. While Maduro was indicted in 2020 on charges that he led a narco-terrorism operation, his wife was only added in a fresh indictment that also included four other named Venezuelans. Whatever happens, as an expert on U.S.-Latin American relations, I see the U.S. operation in Venezuela as a clear break from the recent past. The seizure of a foreign leader ' albeit one who clung to power through dubious electoral means ' amounts to a form of ad hoc imperialism, a blatant sign of the Trump administration's aggressive but unfocused might-makes-right approach to Latin America....

Good morning & happy Tuesday! Today we're looking into FinTech giant Robinhood, which is now targeting Southeast Asia's retail investing surge with two Indonesian M&As (what they are all about, why they matter & what's next for HOOD 0.00%' + bonus dive into Robinhood & how it's building the Nasdaq of Reality), and Paradigm that just planted a flag in LatAm betting on Brazil's leading real-pegged stablecoin (what does it indicate & what can we expect next + bonus deep dive into Circle & the ultimate list of stables resources inside). So let's just jump straight into the interesting stuff '' The news '' Robinhood Markets Inc. HOOD 0.00%' has just announced its entry into Indonesia through the acquisition of two local financial firms, marking a significant step in the American broker's global expansion strategy....