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Veteran Nike executive quits after her 19-year-old son 'used her credit card to spend $132,000 on limited edition sneakers so he could flip them for a profit for his resale business'
UK Daily Mail ^ | March 2, 2021 | Sophie Tanno

Posted on 03/02/2021 6:45:26 AM PST by C19fan

Nike vice president has left the sportswear giant days after it was reported that her teenage son had used a credit card in her name to buy limited edition sneakers to then sell on in a lucrative scheme.

The company said the departure of Ann Hebert, vice president and general manager of Nike's North America business, is effective immediately and that it plans to announce a replacement shortly.

Bloomberg Businessweek last week reported that Hebert's son Joe Hebert, 19, used a credit card in her name to purchase sneakers for his resale company, West Coast Streetwear.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: chat; sneakers
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What a nice way to start the morning. I do quite well with sneakers from Costco...thank you.
1 posted on 03/02/2021 6:45:26 AM PST by C19fan
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To: C19fan

Teenage son??? Try grown man.


2 posted on 03/02/2021 6:48:36 AM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all.)
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To: C19fan

What’s wrong with Zips?


3 posted on 03/02/2021 6:49:32 AM PST by dfwgator (Endut! Hoch Hech!)
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To: C19fan

When I was a kid the local grocery store had a big tub of tennis shoes out front. You’d dig through and find your size. Times have changed.


4 posted on 03/02/2021 6:54:29 AM PST by Lurkina.n.Learnin (The veil of civilization is only 9 meals thick. )
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To: C19fan

So he used her name and credit card, fraud as he is 19, and the company fires her. Now unless she was complicit in the scheme, why fire her?


5 posted on 03/02/2021 6:56:44 AM PST by Captain Peter Blood (https://www.freerepublic.com/focus/bloggers/3804407/posts?q=1&;page)
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To: C19fan
Most recently, she has been responsible for expanding the company's direct-to-consumer strategy to encourage shoppers to buy directly from Nike's own stores and websites rather than relying on sporting outlets.

Sounds like that is working.

So is the problem credit card fraud? Insider information? Employee discount misuse? From the article it looks like he only marked up the $132k purchase by $20k on resale, so he isn't making a gouging profit.

6 posted on 03/02/2021 6:56:49 AM PST by KarlInOhio (The greatest threat to world freedom is the Chinese Communist Party and Joe Biden is their puppet.)
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To: dfwgator
"What’s wrong with Zips?"

They aren't very good at football, but they are my alma mater, so I'd say nothing at all. :)


7 posted on 03/02/2021 6:57:34 AM PST by brownsfan (Term limits! Without term limits, we are doomed.)
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To: Texas Eagle

Must still be living in her basement.


8 posted on 03/02/2021 6:58:09 AM PST by Spirit of Liberty (Jesus said 'I am the Light of the world'. ~ John 8:12)
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To: Spirit of Liberty

Lives in her basement, plays X-Box all day, drives a Porsche.


9 posted on 03/02/2021 7:03:07 AM PST by Lockbar (Vlad the Impailer had all the answers.)
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To: KarlInOhio

Must be something the article isn’t saying since they dumped an actual female executive..


10 posted on 03/02/2021 7:12:54 AM PST by lerker
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To: C19fan

So the kid was a capitalist. So what?


11 posted on 03/02/2021 7:34:15 AM PST by moovova (Yo GOP....we won't forget.)
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To: C19fan

Must be nice to have a spending limit of $132,000 on a credit card.


12 posted on 03/02/2021 7:39:07 AM PST by The MAGA-Deplorian (Sarcasm. It's my only natural defense against stupidity)
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To: moovova

Yeah, the kid bought “low” and sold higher. Umm, what the heck is wrong with that?
Otherwise, Nike is woke, employed slaves for years, etc. I wish them the worst in all regards. If they feel this hurt them, good. I hope it did.


13 posted on 03/02/2021 7:41:03 AM PST by bobbo666 (Nike)
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To: Texas Eagle

Trying to figure out exactly what she did wrong.

She reported the business he was doing, and he claims she gave him no inside information. He is also a legal adult. Did she approve use of her credit card?

One would think that ridiculous financial speculation in sneakers would actually be the sort of societal bubble that Nike would love to promote. Hell, Wall Street does it every day.


14 posted on 03/02/2021 7:53:55 AM PST by PGR88
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To: Captain Peter Blood

There are several scenarios under which she would be held complicit.

My guess would be that he either used her employee discount or a priority access to limited editions. Or more likely they canned her because he used her secure access to internal resources.


15 posted on 03/02/2021 7:56:22 AM PST by PAR35
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To: C19fan

I don’t have any credit cards with a $132,000 credit limit.


16 posted on 03/02/2021 7:59:01 AM PST by PAR35
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To: Captain Peter Blood

I read the story at the link. According to it, she wasn’t fired:

“Nike in a statement said Hebert had made the decision to resign.”

Of course, under corporate speak, it could mean that they gave her an option to resign, or some much worse alternative.


17 posted on 03/02/2021 8:01:22 AM PST by PAR35
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To: The MAGA-Deplorian

Probably AmEx, no preset limit


18 posted on 03/02/2021 8:31:56 AM PST by one guy in new jersey
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Outside of using a credit card backed by his mom I don't
know that she was that involved.
19 posted on 03/02/2021 8:33:05 AM PST by deport ( )
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To: PAR35

It is unlikely she did not know what he was doing since it was her credit card financing the transaction which thereby conveyed her tacit approval and involvement which would then have at least the appearance of being based on insider knowledge. Nike cannot afford to play favorites in its distribution channels.

The credit card left no room for plausible denaibility. I am sympathetic though, who doesn’t want to help out their kid if they can? But who wants an exec who is so clumsy at concealment?


20 posted on 03/02/2021 8:39:33 AM PST by FreedomNotSafety
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