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Stock impact report

Adidas, Ye, and the death of DEI: A cautionary tale for corporate America from the Yeezy fiasco [Fortune]

ADIDAS AG S/ADR (ADDYY) 
NASDAQ:AMEX Investor Relations: adidas-group.com/en/investors/overview
Company Research Source: Fortune
The Adidas “Impossible Is Nothing” ad campaign (the title a quote from the legendary boxer Muhammad Ali) delivers an irresistibly inspiring message, showing the world how a determined and talented Black girl from Houston invented herself as a global icon. Adidas is known for projecting this progressive, scrappy optimism in its marketing campaigns, with Black success stories often driving the narrative, and Black athletes, models, artists, and celebrities carrying the message. But former and current employees at the German company say that despite this public narrative of Black empowerment, Black professionals within the corporation are rarely able to penetrate the top strata of leadership—or to feel comfortable when they do. They describe a cascade of slights and microaggressions at the 74-year-old athleticwear giant that have marginalized their perspectives. As one former Adidas executive who is Black put it: “Internally, there was a cap on how far you could go.” Adidas is far Show less Read more
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