When are we going to talk about the complete lack in financial leadership from Nikes CFO. (Most of the losers on this site are from technology so maybe you don’t know what this stands for). The complete lack of accountability from the CFO is on display as our stock price tanks. The lack of holding this company accountable for growth and the immense unnecessary spend is squarely his fault. There is NO succession plan either as his team is useless - especially “finance transformation “ a bunch of dimwits who can’t deliver anything… clearly the CEO needs to upgrade his finance team
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MF is as bad as they come. Arrogant to the core and zero talent. Bad combo.
@1des+1rTnli00 holy Sh!za, your data is correct.
But there was a post-Kaepernick sales bump, which could be attributed to the welfare [slay] kweens who would have rushed out to gobble up cheap plastic accessories that signaled their trendy virtue, however temporary.
Nike might as well make Greta Thunberg its next brand ambassador, if not the bouncy blow-up castle Lizzo herself.
I say this only because Bud Light already snagged the Dylan Mulvaney PsyOp and therefore the gig is up on that one.
But this begs the question: Was Kaepernick a PsyOp that brought short term notoriety at the long term expense of a foundational American staple?
Most Intel agencies would answer in the affirmative.
Poor Phil.
NKE stock was trading at USD$88 in April of 2019.
However, the USD is in April 2024 worth 25% less than in April 2019, which means Nike, Inc. has lost a quarter of its value in the last 5 years.
2019 was when Nike made the human fiasco known as Colin Kaepernick its mascot, embracing DEI with the now infamous "Dream Crazy" campaign, and its tragicomic slogan, "Believe in something, even if it means losing everything."
Judging by its precipitous collapse in value, Nike has made good on its promise to lose everything. Who still works for Nike that actually thought this would work out well for the company and its employees?
NKE may be, collectively, the lowest-IQ corporation in human history starting in 2019.
March to 75 is underway by end of summer. screenshot this
@1nhc
“Growth? Marty, where we’re going we don’t need Growth!”
Cue Huey Lewis—Back In Time
this is what you get when you are promoted beyond your capability... peter principle....he has reached a level of respective incompetence and the worst thing is that he doesn't know it.
He has lost all the good people around him to go on to be CFOs of other publicly traded companies that are more successful than Nike right now.
@OP about time someone spoke up on this. Strong finance leaders with business credibility have left or been pushed out, those remaining are sycophants who don't challenge anything. Finance transformation a big sh$*show. CFO succession bench is weak/non existent. Nepotism and favoritism are rampant, good luck to us all who are left...miss the good old days of a strong finance group, and a strong stock price
Both need to be canned as soon as possible. They chase out the good execs in finance. Only cronies get ahead. The rot starts at the top.
Nepotism and favoritism in finance are causing talents to leave. The product margin team is stifling innovation and design of our products. Not to mention the lack of a true CFO succession pipeline
88mph, it hits time travel speed and we go back in time 5 years
He has only a BS, no MBA
He is also a board member of another trainwreck! United.
Keep up the great work, MFer
@OP You aren’t wrong. Where there is smoke there is fire. How about a two-fer CEO + CFO for one solid leader. Any solid leader. Just not d-mb + d-mber we currently have at the helm.
Rising tide lifts all boats. Cept this hopeless one. Nasdaq and tech up 2-3%. Nike down.