NIKE’s Kaepernick ad promoting the idea that kneeling during the National Anthem is “heroic” sent their stocks tumbling.
Yet NIKE is posting a 31% gain in sales.
As someone who has spent years in retail management, that’s an eyebrow raiser.
Sure, the sales could reflect a successful counter-boycott, much like In-N-Out enjoyed. But are there really that many Democrats who believe that promoting hatred of our country, our national anthem, our flag and our police force is a “heroic” deed requiring personal sacrifice?
Are there that many Democrats who really believe that Kaepernick is a stand up guy rather than a spoiled brat who was raised by wealthy white parents?
If the sales figures are correct, exactly who is buying them? From what point of origin are the sales generated? Have they been charged to Sugar Daddy Soro’s VISA to provide uniforms for his BLM, Antifa and Feminazi armies? That could spike sales. Are lobbyists and other wealthy investors snatching them up with multiple purchases? Are NIKE’s own purchasing them to cook the books and drive up sales?
What happened to fiduciary duty that companies like NIKE have toward their stockholders?
According to Cornell Law, corporations are bound by the following primary fiduciary duties-the duty of care and the duty of loyalty.
Duty of Care: This duty requires that directors inform themselves “prior to making a business decision, of all material information reasonably available to them.” Whether the directors were informed of all material information depends on the quality of the information, the advice available, and whether the directors had “sufficient opportunity to acquire knowledge concerning the problem before action.” Moreover, a director may not simply accept the information presented. Rather, the director must assess the information with a “critical eye,” so as to protect the interests of the corporations and its stockholders.
Duty of Loyalty: … “Corporate officers and directors are not permitted to use their position of trust and confidence to further their private interests. . . . A public policy, existing through the years, and derived from a profound knowledge of human characteristics and motives, has established a rule that demands of a corporate officer or director, peremptorily and inexorably, the most scrupulous observance of his duty, not only affirmatively to protect the interests of the corporation committed to his charge, but to refrain from doing anything that would work injury to the corporation, or to deprive it of profit or advantage which his skill and ability might properly bring to it, or to enable it to make in the reasonable and lawful exercise of its power.
Duty of Disclosure: This duty requires directors to act with “complete candor.” In certain circumstances, this requires the directors to disclose to the stockholders “all of the facts and circumstances” relevant to the directors’ decision.
Was the decision to run the Kapernack ad disclosed to all the shareholders in advance? Was the entire Board of Directors in agreement with this decision?
Real Great Americans reached out to Inspector General Horowitz about the trend of corporations posturing as Social Justice Warriors.
Any response from the Inspector General’s office will be updated in the comments section below this post. Meanwhile, if you can answer these questions, please use the SpotIM comments section below so people outside your facebook group can benefit from your input.
Just do it or just blew it?
If nothing else, the internet is blazing with hilarious NIKE memes. Share your favorites in the SpotIM comments system below this post!
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Time.com-Nike sales up 31%
New York Post-NIKE shares tumble
CNN Money– NIKE stocks fumble (last year)
Diamond and Silk-Facebook censorship
Brandon Straka Founder of #WalkAway movement-possible Facebook censorship