Scholarship table
Adidas, whose stock is already down about 25% this year, severed ties with anti-Semite Kanye West.
When your founder is a nazi sympathizer you have to be sensitive to certain brand perception issues.
When your founder is a nazi sympathizer you have to be sensitive to certain brand perception issues.Edit, instead of just name-slinging... here's the story of when the founder of Adidas was on trial by the Allies for being a member of the SS/Gestapo. His wife and his brother both testified against him. https://en.wikipedia.org/wiki/Adolf_Dassler#The_denazification_proceedings_and_the_family_rupture,_1946
If today's Adidas owners and management are Nazis, this matters.Just the latest to drop "ye."Being directly associated with a person who takes his or her anti-Semitic or racist thoughts public is usually a deal-killer.
My point is that the PR folks at Adidas + Puma are acutely aware of the crimes of their founders and do everything they can to distance themselves from that part of their shared history.
The guy is mentally ill and refuses to take his bi-polar medication.That doesn't explain why roqqet continues to promote a slogan tied to white supremacy...or does it??
i'm not going to take the hit for this thread going off the rails, but when one of you guys take an unprovoked ad hominem shot at me, it needs to be addressed- everything you guys dislike or don't agree with is racist and/or white supremacy? so, what lives do not matter to you smith?
I note that you have removed that portion of your signature line, so well done.
I think some folks here need to know the definition of "ad hominem" attack. That would mean someone is attacking you, instead of your position. But in rockets case, his ALM position is clearly being attacked. Meanwhile, Kanye's mental stability is being attacked, but he didn't report the post.Anyhow, back to investing.
so what part of ALM is white superracist and which lives don't matter?
Perhaps you are naive and actually don't understand the "all lives matter" phrase. Here's some reading, in case you're actually willing to learn.https://theconversation.com/why-is-it-so-offensive-to-say-all-lives-matter-153188
More, from the NYT's "DealBook," on how much $$$ Kanye is giving away by hating on Jews:Adidas’s move yesterday to immediately cut ties with Kanye West, now known as Ye, was a key moment in businesses wrangling with too-hot-to-handle provocateurs. New estimates show how much the rapper and designer’s recent behavior, including antisemitic remarks and publicly wearing a shirt with a slogan tied to white supremacy, will cost him financially.Here are three calculations of how much Ye stands to lose:The Morningstar analyst David Swartz estimated that the Adidas-Yeezy partnership likely paid Ye in excess of $100 million a year. Overall, Swartz put the collaboration’s value at up to $2 billion.Forbes reckoned that Adidas-Yeezy accounted for $1.5 billion of Ye’s net worth, and that its demise knocked his wealth down to $400 million.Bloomberg reported that Adidas-Yeezy earned Ye over $500 million in royalty payments and marketing fees during the first four full years of the deal, through 2020.Adidas is now indicating that it will sell existing Yeezy merchandise — only without the Yeezy branding. (The German sportswear giant said yesterday that it was the “sole owner” of all design rights to existing products that came out of the partnership.)More shoes have dropped for Ye. Gap, whose partnership with him ended last month, said it was taking “immediate steps” to remove Yeezy Gap products from its stores and had shut down an affiliated website.And two pro athletes — Aaron Donald of the Los Angeles Rams and Jaylen Brown of the Boston Celtics — tweeted that they were cutting ties with Donda Sports, Ye’s marketing agency.But frankly, I'm glad he has the freedom to spew his hate and the willingness to do it so publicly. I want to know who the anti-Semites and racists and homophobes are.
the reason i push back a little is because i believe BLM as an organization is a fraud which ripped off the very people they purport to support.
Predictions on the end of the market pullback vs the end of the recession?Market pullback: December is the beginning of the upswingRecession: September is when the economy turns around