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Avenatti Indicted In Nike Extortion Case

Avenatti Indicted In Nike Extortion Case

Controversial lawyer Michael Avenatti was charged with trying to extort Nike out of more than $20 million dollars by threatening to go public with claims the company was facilitating payments to the families of high school basketball stars. Avenatti separately was charged with stealing about $300,000 from his former porn star client Stormy Daniels. (Read More)

Nike, Adidas Among Footwear Companies Asking Trump To Rethink Tariffs

Nike, Adidas Among Footwear Companies Asking Trump To Rethink Tariffs

Footwear brands and retailers have joined together to write a collective letter to President Trump asking him to rethink his latest tariff increase and relax the escalating the trade war with China. The letter is another attempt by industry players to appeal to Trump’s concern for the American consumers and how these additional tariffs would result in higher-priced product. (Read More)

Nike Makes Some Progress On Diversity

Nike Makes Some Progress On Diversity

Nike Inc., facing yet another controversy over gender equality involving its endorsed female athletes, found some success in calendar 2018 in its push to improve the representation of female and minority employees in its workforce, according to the company’s first FY18 Impact Report. But Mark Parker, CEO, insisted Nike still has much further to go. (Read More)

Nike’s Impact Report Shows Progress On Diversity

Nike’s Impact Report Shows Progress On Diversity

Nike Inc's FY18 Impact Report showed Nike saw a 4 percent increase of VP-level representation of women in 2018, bringing the total to 36 percent. The report, the company's first Impact Report, further revealed a 3 percent increase of VP-level representation of U.S. underrepresented groups, bringing the total to 19 percent. (Read More)

Nike Announces Dr. John C. Lechleiter’s Retirement From Board

Nike Inc. announced that Dr. John C. Lechleiter, a director of the company since 2009 and former chairman, president and chief executive officer of Eli Lilly and Company, has decided to retire and will not stand for re-election to the board of directors of Nike Inc. at the September 2019 Annual Meeting of Shareholders. (Read More)

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