How long do you think Jon the Con has left as CEO
1-3 months
4-12 months
1+ year
18 replies (most recent on top)
My prediction is he has 2-3 quarters left to turn the stock price around. Judging by the last investor call where the more he talked the lower the stock price went, there isn't much he can say to influence the price positively. The sales figures around the Olympics will be the biggest indicator of his expected remaining time.
My hope is he is out by the end of the week. How can one person completely put a company into the sh!!ter so fast???
He will be gone at the end of his contract. HON will be gone aswell Don't know when that is but I suspect in 1 year. Much easier for everyone. The stock is awful. Thats all the board and shareholders care about his vision has been mediocre at best..
@3ikx+1rMCcPhR The crazy thing is we really aren’t that difficult a company to run. And when he started we had market dominance in multiple product categories. Started at 3rd base and couldn’t even see home plate.
We would have been better off if he had made no decisions at all.
He made 2 unforced errors.
- We’re a company that runs on relationships. Inside & out. He allowed (maybe even encouraged) nepotism from his external hires, replacing decades of experience in exchange for a cabinet of yes-man sycophants.
- He decided to make sweeping changes to the core of our business instead of betting big on any of the dozen incubator companies we’ve silently created. Instead of expanding our company into new products and markets he decided to bet the core of our business in a bid for AT MOST 30% extra margin, taken from our closest business partners.
That’s not a CEO creating new value for the company. That’s a crustacean in a bucket, willing to attack friend’s & family for the smallest perceived personal benefit.
But that’s what you get for hiring a consultant at heart. They know how to milk companies. They don’t know how to create value.
Years ago I saw MP in NW the day after a Penn State - OSU football game. He stopped and talked about the game for a few minutes. Real human. Cares about product and sports. We need someone like that.
This is where we should all be:
https://youtu.be/Dj81V7r7zLI
I’m with the Bun.
Heard from my sources in silicon valley, Jon the con Don is saying Nike is too hard to run for him.
He has no experience with physical products.
He will be gone within a year.
JonDon will be visited by apparitions of Welch (GE), Stonecipher (Boeing), Fiorina (HP), Sculley (Apple), and Lay (Enron), and even they will shake their heads......but it won't be until after a Teams call with Perez that all will be revealed. If BP sees the shadow of a pound of flesh, we're stuck with another FY of JonDon.
I don’t even want to see him. I saw him in Serena earlier this year in the cafeteria. He looked like he was expecting an audience of admirers but everyone was just ignoring him. The Serena cafeteria isn’t the same as courtside Trailblazers.
If at least he was (or pretended to be) genuine, friendly, made an effort to interact with us mortals, I’d forgive (to some extent) his complete lack of ability to lead this great company.
But he’s sadly nothing but an arrogant phony. MP would smile, sometimes say hi as I would pass him within the berm, and even recognize/greet me when I would occasionally see him out and about in NW Portland. I am a nobody in the org.
We deserve better. Nike deserves better.
JUST DO IT
However much longer it winds up being, it's already well over four years too late.
They’re going to do it at the fiscal year end or after the holidays.
Or maybe they’ll continue to be id--ts. Try to change everything in the middle of when we pull half the year’s profits.
I’ve started to assume the worst and that’s typically been the chosen path.
To keep his job it’s simple, do opposite of everything the PR team has advised this past year. The emails, insincerity, all hands, just abysmal.
Well, he's now on his "Meet with the little people apology tour".
Senior Leadership: Just because you are now telling everyone you know you sc--wed it all up and will be transparent going forward doesn't fix ANYTHING.
He’ll be around longer than we can imagine. Nobody in ELT cares about the company or its employees.
He’ll announce a new ceo at the FY24 Q4 earnings, hand over middle of the FY25 (January).
I would love to see JD booted this afternoon. But my hunch is he will be shown the door in August or September. The RSUs for senior leaders (and virtually all others) are currently underwater. In turn, the generals have a STRONG incentive to boost the stock price by August. I am guessing that Knight & the Board continues to dangle this carrot in front of JD's beady eyes until then. Sadly, the only thing that is certain is that our servant leader will ultimately depart the berm with bags of cash in hand. Ugh.
1-3 months
He will be out by the new financial year