After years and years of bad leadership and a 9 month layoff to ensure the entire is company is demoralized, now we see the result in the stock price! Let's go baby.. Let's go down to 60
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I am a share holder so yeah I have lost money from the stock going down but Nike deserves to be wiped completely and be a lesson for other companies how greed and nepotism can ruin a company regardless how awesome it was! Offshoring, redundant VP reporting to Vp, hiring work besties and based on spousal support, hiring too many sale person and talkative mouths rather than actual doers l, letting go so many talents such as principal researchers, then dragging a layoff for 9 months only to create a bigger mess and hiring more VPs.... Yeah I do not know what it is but I am certain it is not a recipe for success....
Classic offshoring. As long as the personnel budgets look good it doesn’t matter if the work is getting done.
Right? What do you mean we’re not doing alright?
Who could have ever predicted that moving 30% of the company’s functions to the other side of the globe where they have no oversight. Also, I might add, to a country with a low-trust + high-fake-it-until-it-breaks + high-racial-nepotism culture. Where MBAs have run their ships & company stocks (metaphorically) aground for decades.
Again I ask. Who among us could have predicted this? Oh. Everyone did? They were vocal about the repeated failures as we continued to quadruple down on this path?
Who keeps talking about this activist investor? That’s right up there with Amazon buying the company. The only way either one of those happen is PK decides it.
It’s going to 50 or 60. At that point the management team gets sacked. By who? An activist investor. They can take a big stake cheap, sack the whole leadership team and make an easy 20 to 30 percent gain.
How could it go down so steep? Darn it... wish I has purchased SPY