Resurfacing the head of hr and head of finance stock sale. Even if sale was scheduled and they followed insider trading guidelines, they knew in May that the quarter was not looking good. They could have cancelled sale being sensitive to the optics. I lost my job in April and had 90 days to sell my stock and everything is under water now. It burns me to see our leaders show such poor judgement. I wish SEC would investigate this.
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@1fuo That’s just it. There aren’t any optics here if you know how a 10b plan works. Any recent Nike executive trades would have been planned at least 18 months ago and practically speaking those trades were most likely planned two to three years ago. It’s exactly to avoid cries of “They knew the ship was sinking and jumped off before everyone else found out!”
There’s always a danger in painting something as more sinister than it actually is. Doing so diminishes credibility from the larger narrative that, for the most part, I believe is correct: current Nike executives are of a different, lesser breed than previous generations of leadership.
There are battles to be fought. Make sure you’re fighting the right ones.
The message was on optics not the great finance processes FOM.
I’m in finance and Nike takes insider and officer sales very seriously. Sometimes even preventing some folks from selling even if in the window to avoid any plausibility of “insider” trading.
Senior execs trade on a pre-determined 10b5-1 stock plan. Precisely to avoid allegations of insider trading.
I’m not sure why some of you find this so difficult to comprehend.
They are shady, narcissistic, s_ _mb@g$.
Both treat people terrible and use and abuse people.