Ralph Lauren: Lauren vs Larsson

Whoa that was an unexpected bit of new today. Less than two years after taking the helm at Ralph Lauren ( RL ), CEO Stefan Larsson , a highly regarded name in clothing retail, said he is leaving the company. Apparently, he and the company's founder and namesake did not agree on the strategic direction for the firm.. It was a huge surprise to analysts In fact, the news overshadowed the company’s fiscal third quarter earnings report also unveiled earlier today, torpedoed Ralph Lauren’s stock price and fueled short selling . Now, big questions are swirling around the fate of the company’s turnaround efforts.