https://www.oregonlive.com/business/2025/03/nikes-business-plan-was-a-ticking-timebomb-shareholder-lawsuit-says.html
"They describe Nike’s technology as “antiquated” and unable to meet the increased demands of shoppers on the company’s website and mobile apps.
They take particular aim at Ratnakar Lavu, Nike’s former top technology executive, who resigned suddenly in 2023, and who plaintiffs claim “purportedly engaged in corruption, including kickbacks to external vendors and other misconduct that prompted an SEC investigation.” A separate whistleblower lawsuit, filed in Multnomah County by a former Nike technology manager, alleges there had been “reports” of Securities and Exchange Commission violations by Lavu.
Plaintiffs’ lawyers claim Nike hired a consulting firm to audit Lavu’s department and found he had created a “shadow organization” that employed more people than it needed, leading to 200 layoffs. The information is attributed to a former Nike vice president.
Lavu didn’t immediately return messages left on a phone number and email address previously associated with him."