Meanwhile back at the office
- Thread starter EssoClub2
- Start date
I’d guess Nike has done the research and this will be overwhelming positive for them, financially and otherwise.
That's just initial reaction. Wait until their next couple of earnings reports, then you'll see if they're actually hurt. My guess is they aren't.
Old white people, who are the vast majority of those actually upset by this stuff, don't deck themselves out in Nike gear all that often.
I'll go this far with you: this one doesn't. Never has.
The problem for Nike isn't the old white people not buying stuff for themselves, its the old white people not buying the overpriced nike stuff for their kids.
I also wonder when Nike is going to start giving their asian employees some of the millions they dish out to the sports stars they have contracts with. These shoe companies are beyound hypocritical. They claim they are for righting social injustice, yet they take advantage of workers living in countries that lack any real access to self improvement or upward mobility. These publicity stunts are 100% diversion tactics.
They poked a sloppy orange guy with a stick named Kapernick.
These guys all think they’re standing on a bridge in Selma. News flash: you’re not
I'm white / 40s / graduate degree / gainfully employed / exercise regularly / buy more than my share of running shoes / have never told a kid to get off my lawn / have made my last Nike purchase.
Nike may not care...but I think I fit a part of their marketing audience, and they are making a pretty stupid mistake.
Nike may not care...but I think I fit a part of their marketing audience, and they are making a pretty stupid mistake.
What do y'all have against capitalism? Trump sure doesn't mind using cheap Asian labor either.
I have nothing against capitalism. My issue is with Nike trying to pretend they are some "socially responsible" company at the same time they generate massive profits by using what amounts to a serf-like labor force.
Plus the stuff they make nowadays is crap, crap I say.
You haven't worn the Cole Haan or Saks dress shoes with the Nike Air soles. Dress shoes that feel like you a wearing high-end sneakers. Golf shoes aren't too shabby either.
And if you are going to start busting on corporations that are being somewhat hypocritical, you will end up with a looong list and nothing to purchase.
@rogue cock Why waste your time? These are the same hypocrites that will rant on here about how sick they are about "PC" culture and how easily offended everyone is. Yet those same snowflakes melt when Kaepernick displays nonviolent protest about how a large section of society is treated. It's a waste of time.
Those same 60 million people say Kaep disrespects veterans, yet had no problem with voting for someone who said the following about a 5+ year Prisoner of War veteran:
“He’s not a war hero,” said Trump. “He was a war hero because he was captured. I like people who weren’t captured.”
I'm white / 30s / graduate degree / gainfully employed / exercise regularly / buy running shoes / I buy Nikes. I am a part of their marketing audience, and I think this is a good move by them. Guess we'll see what happens
My issue isnt with Kaep. My complaint is with Nike trying on one end to say they care aboit one group dealing with social injustice, while at the same time benefiting from workers who live at a standard below those suffering from the injustice here. Kaep can kneel all he wants. I just think many of these companies could do a better job taking care of their employees. I know I do, even if it means less money in my pocket.
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$3.75 billion decrease in a total market cap of $131.57 billion. Hmmm, you do the math.
It’s wild how there are people out there that can have different opinions... really makes you think
$3.75 billion decrease in a total market cap of $131.57 billion. Hmmm, you do the math.[/QUOTE]
That seems to be a rounded 4 billion loss. First there is the apologist for the NFL loss in viewership and now telling us how great and smart Nike is with this move. We are probably smart enough to know what's going on.
That seems to be a rounded 4 billion loss. First there is the apologist for the NFL loss in viewership and now telling us how great and smart Nike is with this move. We are probably smart enough to know what's going on.
That seems to be a rounded 4 billion loss. First there is the apologist for the NFL loss in viewership and now telling us how great and smart Nike is with this move. We are probably smart enough to know what's going on.[/QUOTE]
Nike reportedly paid the NFL $1.1 billion for rights to the exclusive uniform contract. The NFL is Nike’s bitch right now.
That seems to be a rounded 4 billion loss. First there is the apologist for the NFL loss in viewership and now telling us how great and smart Nike is with this move. We are probably smart enough to know what's going on.[/QUOTE]
I have a buy order in at a 5% drop. Thus far, I own no additional shares.
And after looking at Kaepernick's jersey sales since he started this protest, it doesn't appear that I am going to.
Nike definitely knows what they are doing.
Google Nike Sweatshops. Like I said before, Nike (and many of these other "socially responsible" companies) uses these grants, gift etc as diversion tactics, the classic Compensation Effect.
I have a buy order in at a 5% drop. Thus far, I own no additional shares.
And after looking at Kaepernick's jersey sales since he started this protest, it doesn't appear that I am going to.
Nike definitely knows what they are doing.[/QUOTE]
If you have a definite price you are willing to buy at, sell some puts. There's not much time premium on them, so maybe not worth the risk if you don't want to buy. But it's free money if you are going to buy at the strike price anyways.
Honest response , and Curious, Did you care about their social responsibility before Kaepernick? If so hats off to you sir. If not then you are just using a diversion to mask your personal animus.
I have had several african american friends relay stories to me, guys Ive gone to school with (talking grad school for PhD and dental school for, well you know). So if these things can happen to them I can see the issue. Of course I also realize this whole issue is not as simple as telling the police to stop profiling. They do those things for a reason. Their work is dangerous and they have to make decisions I would never want to have to make.
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From what I am seeing, it looks like the old black people are all onboard with the decision.
