How is JD still employed? Stock price is the metric by which ceos are measured. Well the stock is flat over five years and down 50 percent off the five year high. Would you keep a fund manager makes no gains when there is 4-5 percent inflation per year? His performance versus the sp 500 is laughable. This guy who weakly blames flex work for his own strategic blunders. And his specialty is strategy? LOL
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likely only because his golden parachute is too expensive now that he's diminished NKE value so much.
CW is rumored to be taking the reigns soon!
Hey, I agree with everything you’re saying. I also think you bring up a good point about the incompetence of our board because they enable these decisions.
@yeu I'm sorry, I get what you're going for but this is a painfully lukewarm and apologist take.
We're talking about a person who from day one has been unable, arguably unwilling, to connect with the company. He's never shipped a product in his life and doesn't know what we do. Somehow he doesn't understand technology at all. He's blamed us for CDA, blamed remote work for our 'failures' of late. He took over a year to hire an absentee Instagram doll with zero tech experience as our CTO. He collected more than a 14% raise to his multimillions last year meanwhile the serfs barely bumped 1/3 average the cost of living. And we just went and are going through whatever this NEXT% strategery is because he's what, such a great leader just dealt a bad hand? It is his ONE JOB to get sh-t done irrespective of circumstance. He's had FIVE YEARS to do it. He doesn't get a flipping pass because muh jawb hard.
For someone with zero leadership competency JD talks a lot about it, yet we all experience he couldn't lead us out of a paper bag. JD speaking about Nike in this new podcast is a sickening affront contrasted to the state of things today https://www.youtube.com/watch?v=dXjJp-MQRQs. Under the guise of competency he has now had years of unfettered latitude to exact irreversible damage with his ELT otherlings falling in behind. So no, fu-k this guy, fu-k the board and their incompetence, and fu-k any take where JD isn't directly to blame. The ship appears to be sinking because it is in fact sinking. No lifeboat, no pass.
I've interacted a couple times with JD. He su-ks. All he cares about is how we can make more money tomorrow than today. He has no interest in people, no respect for teams or their hard work on the path to get there. JD is the least inspiring, most disingenuous human being I've met.
I don’t necessarily disagree. Just explaining why I believe he’s still around. Also to your point about Nike being run like a sports team, it feels like it’s becoming less and less the case. It used to be that Nike was filled with sports enthusiasts but now we have a plethora of senior leaders who don’t care about either sports or sneakers leading the company, making decisions and eroding the culture. They get appointed to important roles for sounding charismatic and speaking business lingo well but don’t actually understand the industry and contribute zero, sometimes even negative value.
Didn't you read the news? He's resigned!!!
Oh please. The man has been on the job for five years and he still can’t do the job. Most employees get a year and then put on plan then out. If you can’t right the ship in five years it ain’t happening. I’ve heard Nike is run like a sports team. Well it’s time for this coach to go.
F that guy
JD was given half baked strategy and bad leaders to execute the strategy. Give him few more years, stock will reach new heights
JD has a decent track record leading prior companies of Bain, PayPal and ServiceNow as can been by looking at their financial performance before, during and after his tenure. A lot of the Nike big strategies (CDA, reduction of wholesale partners) were designed prior to JD’s appointment as CEO. TE was rumored to become the new CEO to execute these but he was removed after issues about harassment came to light. Around the same time, several other key leaders were either forced out or left. JD was inserted as a back up plan and took over a strategy he didn’t design. All the while, the sneaker bo-m was hitting its peak and came to an end in the last few years. So he’s likely not fully to blame (in the eyes of the board) and is being given a chance to prove himself. PK also publicly supports JD after having worked with him for 30 years. There also aren’t really great candidates to immediately replace him… HON? CW? Probably not.
My guess is he has until second half of FY25 to turn the ship around. If Nike doesn’t return to strong growth by then, as promised in our earnings calls, he’ll be replaced.