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New lawsuit targets Phil Knight, Nike board over ‘boys’ club’ culture
Posted on 9/5/18 at 4:10 pm
Posted on 9/5/18 at 4:10 pm
A second sweeping lawsuit has been filed against Nike Inc. in the wake of reports about a "boys' club" culture at the sportswear company.
This time, the lawsuit was filed on behalf of the company's shareholders, not former employees. It targets Nike's board of directors and co-founder Phil Knight, who stepped down from the board in 2016 but remains an emeritus director.The plaintiffs claim Nike's directors breached their fiduciary duty by "knowingly" ignoring a "hostile work environment that has now harmed, and threatens to further tarnish and impair (Nike's) financial position, as well as its reputation and goodwill."
"Stockholders are concerned that the board has allowed rampant sexual harassment and gender discrimination to go on within the company unfettered for as many as 20 years," said Pomerantz partner Gustavo Bruckner, who heads the firm's corporate governance litigation practice.LINK
This time, the lawsuit was filed on behalf of the company's shareholders, not former employees. It targets Nike's board of directors and co-founder Phil Knight, who stepped down from the board in 2016 but remains an emeritus director.The plaintiffs claim Nike's directors breached their fiduciary duty by "knowingly" ignoring a "hostile work environment that has now harmed, and threatens to further tarnish and impair (Nike's) financial position, as well as its reputation and goodwill."
"Stockholders are concerned that the board has allowed rampant sexual harassment and gender discrimination to go on within the company unfettered for as many as 20 years," said Pomerantz partner Gustavo Bruckner, who heads the firm's corporate governance litigation practice.LINK
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Posted on 9/5/18 at 4:11 pm to BowDownToLSU
Talk about a nice time to strike if it went to jury
Posted on 9/5/18 at 4:11 pm to BowDownToLSU
Couldn’t happen to a nicer bunch of assholes.
Posted on 9/5/18 at 4:12 pm to teke184
I love it when SJWs attack themselves.
Posted on 9/5/18 at 4:13 pm to BowDownToLSU
if women are free to use the power of pussy anyway they so choose, then men should be free to use the power of money anyway they so choose.
Posted on 9/5/18 at 4:14 pm to BowDownToLSU
quote:
"Stockholders are concerned that the board has allowed rampant sexual harassment and gender discrimination to go on within the company unfettered for as many as 20 years,"
but I thought "Nike will be seen to be on the right side of history" because they're so forward thinking???
Posted on 9/5/18 at 4:17 pm to Ash Williams
How classic would it be if Fox could uncover some big sexual harassment at NIKE and Phil participated.
Posted on 9/5/18 at 4:17 pm to BowDownToLSU
Are we kneeling for this one?
Posted on 9/5/18 at 4:29 pm to BowDownToLSU
Apparently Kaepernick isn't the only person they are paying to kneel.
Posted on 9/5/18 at 4:38 pm to upgrayedd
quote:
Are we kneeling for this one?
No, but I am doubled over, laughing.
Posted on 9/5/18 at 4:39 pm to BowDownToLSU
Knight is an a-hole. Sjws and him can all eat hot balls.
Posted on 9/5/18 at 5:39 pm to BowDownToLSU
quote:
New lawsuit targets Phil Knight, Nike board over ‘boys’ club’ culture
A second sweeping lawsuit has been filed against Nike Inc. in the wake of reports about a "boys' club" culture at the sportswear company.
This time, the lawsuit was filed on behalf of the company's shareholders, not former employees. It targets Nike's board of directors and co-founder Phil Knight, who stepped down from the board in 2016 but remains an emeritus director.The plaintiffs claim Nike's directors breached their fiduciary duty by "knowingly" ignoring a "hostile work environment that has now harmed, and threatens to further tarnish and impair (Nike's) financial position, as well as its reputation and goodwill."
"Stockholders are concerned that the board has allowed rampant sexual harassment and gender discrimination to go on within the company unfettered for as many as 20 years," said Pomerantz partner Gustavo Bruckner, who heads the firm's corporate governance litigation practice.LINK
Cut them some slack. They're standing up against police brutality I think...
Posted on 9/5/18 at 6:49 pm to teke184
I know one of them, and he’s a nice guy. Used to be my neighbor when I was 3. Tim Cook seems nice as well.
Posted on 9/5/18 at 8:09 pm to BowDownToLSU
quote:
Nike's directors breached their fiduciary duty by "knowingly" ignoring a "hostile work environment that has now harmed, and threatens to further tarnish and impair (Nike's) financial position, as well as its reputation and goodwill."
"Stockholders are concerned that the board has allowed rampant sexual harassment and gender discrimination to go on within the company unfettered for as many as 20 years," said Pomerantz partner Gustavo Bruckner
he should be worried about the young labor getting paid 50 cents an hour to make the shoes but that is of no concern to them.
Posted on 9/6/18 at 5:29 am to BowDownToLSU
Nike is losing its profits and goodwill, but it ain’t because it’s some “boys club”...
Posted on 9/6/18 at 5:38 am to BowDownToLSU
Gonna be a long time before it goes in front of a jury.
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