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 ...
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.
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I found a light tan pair of tennis shoes I liked and asked the clerk if they had them in my size. He brought back a pair that was in my size but they were sparkling white. I pointed this out to him and he told me they were the same color, it was just that the ones on display were dirty from being customer handled so much. True story friend.
I worked there and I have seen people fired for unauthorized charges - non-Nike = on their credit cards.
One idiot lost her job because she used her Nike c/c to pay a utility bill. Some others were let go because of a gift card problem which I never totally understood but they were a good hardworking team and they were gone.
I was thinking the same thing. Just speculation here, but if it was a company issued credit card to be used only for company related expenses (such as business travel), then I can see why she was fired. (It would also explain why the card has such a high credit limit.) If it was her own personal card, then I don't know.
“I asked her for Adidas and she bought me zips!”
Nike paid slave labor $1.98 to make the shoes then sold them for $132,000
I’m sure the teen thief didn’t make that kind of profit, but Nike probably fire his mom because the kid figured out their profit scheme.
It said she had disclosed it, but I do wonder if the disclosure was less than full.
My guess is a settlement with an NDA and a contracted for statement that she resigned.
My ex-wife was the executive assistant to the VP for PACCAR (Peterbuilt & Kenworth) the top executives were forbidden to own any from vehicle manufactured by a parent company of a competitor.
she supposedly resigned...
https://www.bloomberg.com/features/2021-sneaker-investment/
"When I asked Hebert about the connection later that year, he acknowledged that Ann was his mother...He insisted, though, that she not be mentioned in the article and cut off contact not long after our conversation."
She is too good looking to fire.
This will make for awkward conversation around the dinner table.
Son to mom: Have you found a new job yet?
Mom: No
Son: You can work for me
Mom: What position?
Son: Maybe help ship the tennis shoes?
Mom: Cannot repeat what she will say....
Bet there’s more to this story...
Probably exploited his relationship to her to get access to that many pairs of the limited edition shoes.
“Do you know who my mother is?”
Not any more.
Actually, this is just another entry in my “the only true thing you can say about the wealthy is that they have a lot of money” collection of events.
There is absolutely no (as in “zero”) correlation between wealth and any attribute usually associated with good character. Many times, the initial proof is provided by their children.
Somehow, I'll bet that Ms. Hebert was getting ready to retire.
Lines up with my experience in the corporate world. I've seen similar.
I agree, enterprising young fellow. Better than many 30-year-olds (& older) that live with mom and are going no where.
I haven’t worn sneakers in decades. When I see adults in sneakers (unless they are actually like on a basketball or tennis court or out jogging), I just shake my head. It’s a very juvenile look.
I collect shoes. Antique wood, porcelain, glass, and metal. The most expensive one I have is a 6 in. sterling silver pin cushion I paid $110.00 for and I thought that was a bit much at the time. Made in 1878 in NYC.
So this kid might have been using her corporate card.
One of the guys who was fired over the gift card fiasco had a Nike tattoo - a Swoosh. He's works at Addidas now - i wonder if he got the Swoosh lasered off.
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