Nike board member: We knew about Kaepernick ad beforehand but CEO didn't need our permission [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
show chapters Nike director Beth Comstock said Tuesday that the sports apparel giant's management and CEO Mark Parker informed the board about the controversial Colin Kaepernick ad before it was released. But Comstock, also a former vice chair of General Electric , said Parker didn't need the board's permission before running a Just Do It campaign featuring the former San Francisco 49ers quarterback. Parker runs the company really well, Comstock said on CNBC's Squawk on the Street, while also commenting about the new China tariffs. Parker certainly doesn't need board approval to figure out where to run an ad, she added. Kaepernick first tweeted about being in the campaign on Labor Day. Due to his activism, the Kaepernick tweet quickly went viral, pulling waves of both support and backlash. Nike shares fell more than 3 percent the next day. On Wednesday, Sept. 5, Nike released the actual ad, and President Donald Trump slammed i
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- 4/25/24 - Form 10-Q
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