Get your senior executive mother fired from Nike for clout brehs

[CarltonJunior]

Talk about fumbling the bag. They'll make it back of they don't go to jail tho.

How isn't this embezzlement?

It's clearly embezzlement. Both should be facing charges, but I believe that it's on Nike to press these charges, unless the federal government gets involved, which I doubt they will.

They made so much money though that they can and will probably make any potential lost back. The kid has so much product that he can become a "regular" reseller now and probably not miss a beat. Maybe start a whole new venture. That's how a lot of these white business folk start anyway. shyt's crazy.

 

[Will Ross]

So the majority of white kids in the 90s during the grunge flannel/doc marten era were rocking champion hoodies with air max?

back in the 90’s you had a huge number of white Kids that was into urban/street brands just like you do now. The 50 yr old white man now was listening to biggie and Tupac wearing Jordan’s. Or Trying to dress like west coast street dudes

 

[Jean toomer]

And she was sliding him corporate codes to get it for the dirt low. No way this isn’t some form of money laundering

Interstate transactions. Her stock options will be pressed when the legal bills hit.

 

[daboywonder2002]

someone explain why this is illegal i dont get it , he used his moms discount to resell?

1. According to reports, Ann informed Nike about her son’s business in 2018. As stated by the company, there was neither any form of violation of the company’s policies nor was there any commercial affiliation between the resale business and Nike, including the direct buying or selling of the latter’s products.
2. However, the reasons which are speculated behind the resignation is Ann’s son’s efforts to sell other products, including Adidas, Supreme and PlayStation 5’s along with Nike’s. Furthermore, his usage of advanced software for bulk purchase might have been another aiding factor.

Nike's Top Executive Ann Herbert Resigned, Here's Why
This is what happens when you get too greedy.if he had just stuck to selling Nike products he would have been fine. But going overboard selling all this extra crap like Playstation 5's cost the fam everything.

 

[OneManGang]

1. According to reports, Ann informed Nike about her son’s business in 2018. As stated by the company, there was neither any form of violation of the company’s policies nor was there any commercial affiliation between the resale business and Nike, including the direct buying or selling of the latter’s products.
2. However, the reasons which are speculated behind the resignation is Ann’s son’s efforts to sell other products, including Adidas, Supreme and PlayStation 5’s along with Nike’s. Furthermore, his usage of advanced software for bulk purchase might have been another aiding factor.

Nike's Top Executive Ann Herbert Resigned, Here's Why
This is what happens when you get too greedy.if he had just stuck to selling Nike products he would have been fine. But going overboard selling all this extra crap like Playstation 5's cost the fam everything.

That first part the part that’s not adding up. It makes it sound like she informed them, but did they know he was getting a bunch of product from her on the low? I can’t imagine Nike being that dumb only finding fault with this once he branched into other products. It’s one thing to start a resell business, and your moms a Nike VP. It’s a whole other situation to start a resell business where you mom VP is the fukking plug

 

[JordanwiththeWiz]

I think it’s common sense she was the brains of the operation. This ain’t your average dude who lucked up with a bot and got 4 pair of Jordan union 1s and posted a picture on his socials. This is some privileged 19 year old cac he ain’t gonna come right in the game off the streets with a LLC, warehouse, forklift and big rig. This is something somebody who know to run a sneaker business would know like the VP of Nike. He wasn’t just copping hype beast releases he was getting GRs at a discount and sitting on them. The first time a young reseller had to sit on a bad cop they normally fold. But she knew you could get large batches of GRs and sit on them for 6 months to a years then make 30 dollar profit per shoe. It don’t sound like a lot of money but when you have 400 pairs in stock it adds up.

 

[Formerly known as...]

The resell market is mostly fueled by the brands itself. Nike knew. A bunch of their product going to one location should have been suspect.

They fired her because it went public.

Did they even fire her or did they allow her to resign?

She probably left with a nice package

 

[Corny Batman]

Shoe collectors are weird little fakkits, Robin.

 

[DaddyFresh]

Talk about fumbling the bag. They'll make it back of they don't go to jail tho.



It's clearly embezzlement. Both should be facing charges, but I believe that it's on Nike to press these charges, unless the federal government gets involved, which I doubt they will.

They made so much money though that they can and will probably make any potential lost back. The kid has so much product that he can become a "regular" reseller now and probably not miss a beat. Maybe start a whole new venture. That's how a lot of these white business folk start anyway. shyt's crazy.

You don’t think any financial fraud was committed? If she was eating of the business but didn’t report all the income it’s tax evasion. Money laundering also sounds very likely as well.

 

[CarltonJunior]

You don’t think any financial fraud was committed? If she was eating of the business but didn’t report all the income it’s tax evasion. Money laundering also sounds very likely as well.

It's possible. But if I was her I'd only get over on Nike, not the government. @Feds always pull your card. You can always get another job at another big company.

Best believe they will be investigating this to see if the government didn't get what they were owed. If they didn't, the whole fam might be under the jail by next march.

 

[The G.O.D II]

back in the 90’s you had a huge number of white Kids that was into urban/street brands just like you do now. The 50 yr old white man now was listening to biggie and Tupac wearing Jordan’s. Or Trying to dress like west coast street dudes

Im getting a strong suspicion you dudes aren’t black.....

 

[Trav]

His mom giving off Elizabeth Holmes vibes so I know all of dem mf's guilty. Whatever they said they did, they did that shyt.

 

[The Devil's Advocate]

Y’all both right but you’re arguing two different things I feel like. Yes Jordans and dunks have been in the punk/skate/rock scene for decades but I don’t think they were the ones pushing sneaker culture like that. It was the hip hop, basketball community which is obviously heavily slanted towards brehs and urban people. The thing is, those two communities heavily intersected especially in the 80s and 90s. The dynamic is different these days with social media and the people who are consuming sneakers now. But I like this conversation, and where it’s going. Nike definitely gonna feel some backlash for this.

You're close too but a little off. Sneakers were cool and all during the 80s and 90s. nikkas wanted the same Jay's everybody else had. You go to the store and they might be sold out, so you might need a plug, or extra money, but you could get them.......

Just like every other "culture" industry from gaming to damn baseball cards, the companies started pushing "exclusive" shyt. Special colorways. Special edition celeb releases. Underground tattoo artists would get "official" colorways editions and make 3000 of them only. Foot Locker wouldn't even know about certain shoes. You'd be lucky if 2 stores in your city had 10 pair.

When that happened, it was full of white boys. Yea our culture would still follow the shoes and see celebs with the special editions and have a feeeeeeeew nikkas with them. But most guys in the 90s and 00s was still getting regular Jay's when they could find them. The sneakerheads paying $600-$700 a shoe was definitely filled with skaters and cacs. shyt was even on Entourage with Turtle hunting down some exclusive joints, fighting other celebs to get a pair.


Now it's turned completely over to the white boys as it's all on the internet now. Most people who get them, don't even care to wear the shyt, just resell it. And again, most black people are left out, buying the regular Jay's they can find, and not the "Spaceman New Years 99 Special Bicentennial College" Jordan's that they can only get from a bot.


Now we find out they didn't even do that naturally.. Just mostly was rich white boys who parents and family works at Nike and Nike knows that.

 

[Ozymandeas]

 

[Dwight Howard]

This story disgusts me on multiple levels. Its like the movie burn after reading, a bunch of idiots trying to move smoothly...just no man.. fukk