Are you people still worshipping EH? He is the most dishonest person I have seen. Go back and watch his first all hands - he promised to be transparent, people are strength to nike.. yada yada..
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LOL! Same here! Too funny!
I still have the socks AW gave me when he joined. They have lasted way longer than he did.
Doesn’t MD have a 4-year contract? Might be super expensive to get out of that at this point?
EH is so full of sh-t, promising something and doing completely opposite. The kool aid drinkers here want to put this on MD, without understanding that MD isn't in charge but he is. Also, laying off so many people and writing blank check to Accenture is way above MD's pay grade.
It now makes me feel JD was better, at least better educated and intelligent that EH.
Does she even know WTF she did? All the good people who left made Nike a better company.
EH - "find yourself... a new job"
EH seems like a nice guy, and I was excited when he talked about bringing Nike culture back through its employees who are the center of that culture, and that Nike needed to get back to its roots in sports. He also has been making changes to the leadership, getting rid of toxic people like MM and HON, which I think are positive moves.
However, it's perplexing to me that he's kept MD and her crew in place when she might be the weakest tech leader in the history of this company (which is saying something after AW and RL). Also, outsourcing hundreds of IT jobs to Accenture is not an employee-friendly move when many of those who were laid off were long-term, loyal Nike FTEs who had worked very hard for decades and loved the brand. Accenture is just a hired g-n and they don't love Nike like the employees did... and I would argue based on what I saw that Accenture doesn't even have the expertise Nike needs. Like most consulting companies, they throw a bunch of inexperienced new hires (mainly offshore folks) at the project and beg for forgiveness when everything goes sideways. Meanwhile, they keep cashing those checks at $500 per hour, so it doesn't save Nike any money either (other than through accounting games regarding when you can write those expenses off).
As far as returning Nike to sport, we'll see. The Kardashian thing was a strange move that didn't seem sports related. It also feels like the college NIL deal will just increase sports marketing costs, while potentially turning people off from what used to be an "amateur" past-time. Pro sports seems over-saturated, with athletes out of touch with fans.
I'm glad Nike is begging to get wholesale partners back because it never made sense to me that we'd shut down or alienate successful sales channels. However, the barriers to entry into the marketplace are lower than ever, I feel like the ground we've lost to "cooler" more hungry competitors may be lost forever. In terms of Nike history, Nike is now the dragon that Adidas used to be, and companies like On are the old Nike, working their way up.
Anyway, I still hold a decent amount of Nike stock, so I hope that EH can be successful in turning things around before I'm forced to sell. Even if I'm no longer on this ride. Best of luck.
He is g-ar-bage
I was, but after seeing that he has retained MD and allowed what has happened in Tech. I’m less excited.
EH deserves time to right the ship. Nike’s problems weren’t created in six months and won’t be solved in six months. He also came back to a Nike facing certain challenges that either didn’t exist or weren’t as bad when he left. Including the ascendancy of Hoka, On, and a bunch of other brands that have been slowly but steadily taking market share.
If EH can help Nike get back to sport, innovation, and marketing - the three pillars on which Nike’s success is based - things should be fine. I’ll give him at least 18 months before being too harsh with the criticism.
If anything, EH has to clean the rest the house of all of JD hires.
Why are you blaming EH when clearly this is an MD problem? She isn't transparent.