b@lls deep in your mom
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JD got nice golden parachutes when he left ebay high and dry and took off
In Nike he got paid good and should have enough money to retire and walk towards the sunset
If he wants to get a another opportunity as a CEO, I think he is damaged good and I doubt that anyone will touch him
But there is alway a board or a founder who is stupid enough to give him a second (third) chance
His career as an executive is over.
Looking back at the history of JDs playbook at our company and others, it was kind of transparent day one in what the game plan was.
Focus gross margin, cut down on administration cost, grow growth internal through our own pipelines, and focus on the stock. All things that are important to many executives in several corporations.
However. At companies like ServiceNow, Nike and others, that playbook only gets you so far. Research has been conducted regarding Layoffs, employees morale and natural attrition. These take companies YEARS, to recover back to even 80% efficiency due to fear of losing your job, losing fellow co-workers and knowing you in fact a number that is being focused on within your company. Nike historically never operated at that type of capacity even though we’ve performed layoffs in the past, but never routine layoffs.
This has hurt our morale, brand and business outlook. We’re slowly bringing this back assuming there isn’t more layoffs to come but I’m starting to feel and see some magic. JD’s strategy was a flash in the pan like maybe of these consultants playbooks.
Companies like Accenture, Deloitte, E&Y, PwC, McKinsey, Bain… all need you come back again and want you to partner with them on “the always revolving strategy”. It’s in their playbook, to say “oh the market is changing and you need us to help navigate it.” When reality, the market is always changing and those fools only know a few buttons that are window dressing for short term gain. Layoffs.
Regardless, layoffs is a necessary body of an organization. Hiring people in nature is in efficient and people do lose their skills over time or miss the heart beat of competition. However, it shouldn’t be the knee je-k reaction that occurs every 2-3 years when something isn’t working. Layoffs really should be limited to once every 8-12 years. Most employees typically stay at one company for about 5 years before moving onto another opportunity or their life changes.
Goo ing
Who cares. Don’t let JD live in your head rent free
JD absolutely did not have a flawless career as an executive leader before Nike. Most just choose to look at his performance out of context.
Look (really look) at his time at eBay. When he joined eBay, they were neck and neck with Amazon in terms of gross revenue.
eBay prior to JD was exceptionally innovative. And was regarded as the commerce of the future. They were peers to Amazon at the time. If not beating them in some regards. Now, eBay is your destination for obscure automotive parts, and knockoff watches.
JD’s style ki-led innovation. Ki-led any chance of continuing to define the future. eBay had been a rocket of growth before him… and he successfully managed it into mediocrity.
JD is not a Leader. He is a business manager. No corporation under his management will ever reach their full potential.
His creativity is bounded by the extent of a pivot table. His leadership insufficient to manage a Cub Scout troop. His soul as empty as the platitudes he’s employed in language.
Wherever he is, he simply doesn’t care about a single human being at Nike. In any capacity. And for a company with 10’s of thousands… the feeling is likely unanimously equal.
The absence of greatness will forever be his legacy. Forever regarded as a corporate failure, possibly ruining one of the strongest and most recognized brands in the world.
I read somewhere Bain is the best employer :-(
About JD - I wonder if he destroyed Nike or he was place there as a fall guy.
Nike hiring leaders who are at the sunset of the careers is not what is needed for comeback.
Spending his money.
Being a servant leader….
I imagine he's swimming in his earnings like Scrouge McDuck. Let's not forget that he doesn't take layoffs personally and can't waste his limited humanity on the topic.
No idea what he’s up to, but I admittedly have experienced schadenfreude that his otherwise spotless career within the upper echelons of corporate America ended with a massive, highly public failure that in just a few years nearly ruined one of the greatest brands in the world.
They should teach THAT lesson at Bain: “Yeah, what JD did at and to Nike? Don’t do that.”