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.