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I grew up about 10 miles from your headquarters and was the first kid in high school to wear the original Nike Air. I've been wearing Nike's for basketball, running, golf, etc. for 35 years (I'm now 50). I figure I've bought 2-3 pairs/year every year since.
I grew up with kids whose parents were the founders of your company.
I celebrated Nike's sponsorship of my beloved Oregon Ducks.
I bought my first shares of Nike stock at age 18 and have purchased many more during a 20+ year career as a financial advisor, both for myself and for clients.
You couldn't have asked for a more loyal customer or investor.
Until last week. You chose to cater to Colin Kaepernick's newfound offense at the original American Flag and cancelled the Betsy Ross logo shoes. By doing so, you alienated every single person who Celebrates the ideals of our Founding Fathers and every bit of good that has come from the founding of our great nation.
This is not only a horrible business decision, but it also reflects a cowardly lack of corporate leadership in the face of an outrage mob that does not represent the majority of America nor your investors.
As of yesterday, neither I nor my clients own a single share of Nike and I will never purchase another item from your company.
Was your virtue signaling worth it? History will remember this decision as your shark-jumping moment.
Happy Independence Day
Ps. No response is needed."
(Investor relations types usually will respond to written criticism, so even though I told them not to, I expect a response and will post it when/if one is received.)
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[–] Paladin_Diver 0 points 1 point 1 point (+1|-0) ago
My letter to Nike's Investor Relations:
"Dear Nike,
I grew up about 10 miles from your headquarters and was the first kid in high school to wear the original Nike Air. I've been wearing Nike's for basketball, running, golf, etc. for 35 years (I'm now 50). I figure I've bought 2-3 pairs/year every year since.
I grew up with kids whose parents were the founders of your company.
I celebrated Nike's sponsorship of my beloved Oregon Ducks.
I bought my first shares of Nike stock at age 18 and have purchased many more during a 20+ year career as a financial advisor, both for myself and for clients.
You couldn't have asked for a more loyal customer or investor.
Until last week. You chose to cater to Colin Kaepernick's newfound offense at the original American Flag and cancelled the Betsy Ross logo shoes. By doing so, you alienated every single person who Celebrates the ideals of our Founding Fathers and every bit of good that has come from the founding of our great nation.
This is not only a horrible business decision, but it also reflects a cowardly lack of corporate leadership in the face of an outrage mob that does not represent the majority of America nor your investors.
As of yesterday, neither I nor my clients own a single share of Nike and I will never purchase another item from your company.
Was your virtue signaling worth it? History will remember this decision as your shark-jumping moment.
Happy Independence Day
Ps. No response is needed."
(Investor relations types usually will respond to written criticism, so even though I told them not to, I expect a response and will post it when/if one is received.)