I’m taking so much pleasure watching Nike continue stumble after its executive leadership team completely ran the company and its employees to the ground. There’s no longer any sense of pride to work for this company. On the contrary, it’s absolutely shameful. And by the last earnings call it doesn’t appear as though there is any light at the end of the long tunnel ahead. There’s more people at the company that are director level or below and don’t get stock options and could care less about how the stock is performing. What we know as our reality is our day to day relationship with the company and its toxic dump.
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Maybe promoting more women would turn the company around
Macroeconomic Intelligence team at Nike (yeah, that's not made up and the team does exist) was busy Forecasting consumer spend at Nike's rivals but forgot to forecast that Nike's stock would tumble. 😂
How does this company still have the same senior leadership team? Why aren’t they being held accountable after repeatedly failing?
“ We view the firm’s problems as more than a weakening consumer environment, but a diminished ability to compete with peers, and a misstep in strategy.”
Ouch. Spot on.