So happy wellness week went away to help cover dividends going up 2.5%. You'd think they wouldn't be so tone deaf and at least wait a quarter.
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How are these related? WW wasn’t a benefit that was on the books like unpaid PtO. More likely would have been introducing a use it or lose it policy which is common everywhere to reduce the PtO banking, but wellness week, let alone future ww initiatives didn’t show up on the income statement in a way it would impact dividends did it?
It’s appalling that dividend value is still treated as a function of how much can be squeezed out of employees, while boards and senior leadership coast along on bloated salaries. There is no shortage of case studies showing that companies collapse not because they were too generous to their people, but because they eroded the very employee base that sustained them. The math is simple: when you hollow out your workforce, you hollow out your future.
@a7
bingo, THE MAJORITY SHAREHOLDER OWNS THE COMPANY
the ceo is just their 'man' or puppet
ahh, late stage capitalism
looks like you are having a fire sale
NKE is a cash cow dividend stock, not a growth stock or an innovation business. The CFO, BOD, and shareholders are what matter in late stage cash cow milking, not collective wellness. The shareholders clearly want their dividends cashed out as opposed to trusting this management team to reinvest that capital in this late stage lifestyle brand.
wish senior leadership was aware of that fact and demonstrated some semblence of fiduciary responsibility
signed
employee and a shareholder
The board of directors have all the power over these decisions. People think EH is in charge when it’s really the BOD steering the ship.
You all work for the shareholders
The math adds up 💯