Self-Promoting Hypocritical Executives

It is shameful that so many families have to be impacted by the lack of vision and creativity of a roomful of self-promoting hypocritical executives.

99 percent of those laid off gave decades of their of their professional lives to NIKE because they believed in Phil and the company he built.

Senior Directors took the brunt of the layoffs. But in most cases it's not been senior directors who crafted the company's strategies they're now trying to whitewash with "fiscal prudence."

It makes me wish Phil's sons had taken a more substantial role in the company.

I think both the late Matt Knight and Travis Knight had enough of Phil's unique blend of vision and hustle to guarantee the company's future.

The "boys" who inherited Phil's company are a bunch of highly paid Princes, living like Kings while protecting their tiny little kingdoms .

Meantime, Adidas and practically everybody else in the space continues to take share and the consumer's attention.

NIKE's most loyal industry analysts have now turned their back on the company as innovation and has all but disappeared.

Mark Parker's $50 billion goal is an arrogant false target that needlessly shattered hundreds of people's lives all because the current leadership consistently fails to lead.

Comment! It's anonymous!

1 reply

"...gave decades of their of their professional lives..." - No, they enjoyed a mutually beneficial employment arrangement. While I sympathize with those who are experiencing the shock of unemployment for the first time in decades, it's important to remember that they received compensation for their years of work, and that it was relatively generous compensation. We're not talking about a romantic relationship where there's a reasonable expectation of " 'til death do us part," but rather a financial arrangement where the relationship is expected to end when one of the parties determines it is no longer financially beneficial. No one expects an employee to stay with an employer who pays extremely low wages, so why are people horrified when an employer does a mass layoff of individuals who are so highly compensated that their contributions are no longer worth enough to offset the cost? Would you prefer they let go of the relatively recent hires, many of whom are far less generously compensated, living paycheck to paycheck, and haven't had years of job security to make it possible for them to pay off a mortgage and buy a reliable vehicle? Laid off Sr. Directors aren't going to be eating out of a dumpster anytime soon.

Thread regarding Nike Inc. layoffs

Self-Promoting Hypocritical Executives

1 reply

Post a reply