The coolest place on the internet, according to this tagline.
AskArchiveFAQ

September 10, 2013

Major changes coming to the Dow Jones Industrial Average before the end of September

  • In Goldman Sachs, Visa and Nike have been added to the Dow Jones industrial average, replacing several poorly performing companies from the exclusive group of 30 publicly-owned corporations. The new Dow Jones additions are also expected to diversify one of the most-commonly used gauges of the U.S. stock market.
  • Out To make room for the new arrivals, Alcoa, Hewlett-Packard and Bank of America have been removed from the Dow, following consistently slumping stock performances from each. The changes are set to take effect on September 23, and represent the largest alteration of the Dow Jones line-up in roughly a decade. source
14:12 // 7 months ago
May 28, 2013

Today in moves you didn’t see coming: Nike steps away from LiveStrong Foundation

  • 87M the number of wristbands the LiveStrong Foundation, through Nike, has handed out since 2005. The relationship with the cancer-fighting foundation, already fraught due to its ties with admitted doper Lance Armstrong, will end after this year, as Nike will stop producing new products for the line. “This news will prompt some to jump to negative conclusions about the foundation’s future,” said a statement from the foundation’s Katherine McLane. “We see things quite differently. We expected and planned for changes like this and are therefore in a good position to adjust swiftly and move forward with our patient-focused work.” source
14:38 // 11 months ago
February 17, 2013
I have decided that following these tragic events that we have no option but to cancel all future races that Oscar Pistorius had been contracted to compete in.
Oscar Pistorius’ agent, Peet van Zyl • Revealing that his client will be withdrawing from every event he’s been contracted for, a potential prelude to a long jail stay for the iconic runner in the wake of the alleged murder of his girlfriend, Reeva Steenkamp. For now, Pistorius’ two biggest sponsors—the athletic company Nike and the eyewear company Oakley—are sticking by him, though it may be tough for them to hold that stance based on the outcome of the case.
18:32 // 1 year ago
October 17, 2012

On Nike and Sponsorships

smidgetz says: Well Tiger didn’t lie his whole career and depend on doping to get him his winnings, he had a private matter with his wife that turned public.

» SFB says: He didn’t. And I’m not trying to equivocate the circumstances — just trying to point out that it takes a lot for Nike to drop a contract with a big name athlete. Now, whether Woods deserved what he got, whatever. But a lot of companies dropped their ties to Woods after that — and Nike stuck by him. I think we can all agree that Armstrong has a more fundamental problem going on right now. — Ernie @ SFB

8:59 // 1 year ago
8:33 // 1 year ago
July 12, 2012
According to the investigation, it appears Joe made missteps that led to heartbreaking consequences. I missed that Joe missed it, and I am extremely saddened on this day. My love for Joe and his family remains.
Nike founder Phil Knight • In a statement regarding the removal of Joe Paterno’s name from a child care center at Nike’s corporate headquarters. The decision to remove the coach’s name from the facility was made after the results of Louis Freeh’s investigation into the Sandusky allegations were released to the public this morning. Nike chief executive Mark Parker took credit for the decision in a separate statement, telling reporters that “It is a terrible tragedy that children were unprotected from such abhorrent crimes. With the findings released today, I have decided to change the name of our child care center at our World Headquarters. ”  source (viafollow)
16:06 // 1 year ago
January 26, 2012
Joe Paterno’s memorial service: A strong defense against a grave offense
Paterno, remembered: During Thursday’s memorial service, numerous speakers remembered the longtime Penn State figure’s life, and his time as a coach, with great reverence, showing respect for the man at a time when his legacy has been clouded by controversy. Speaker after speaker — family, friends, and disciples — spoke reverently of him, emphasizing a legacy that goes far beyond that of an unspeakable scandal, one that improved many lives and the scope of a university. Perhaps none said it better than Nike chairman Phil Knight: “If there is a villain in this tragedy, it lies in that investigation, and not in Joe Paterno’s response.” Penn State football, under Paterno, was known for its great defense; the defenders came out strong Thursday. source
Follow ShortFormBlog

Paterno, remembered: During Thursday’s memorial service, numerous speakers remembered the longtime Penn State figure’s life, and his time as a coach, with great reverence, showing respect for the man at a time when his legacy has been clouded by controversy. Speaker after speaker — family, friends, and disciples — spoke reverently of him, emphasizing a legacy that goes far beyond that of an unspeakable scandal, one that improved many lives and the scope of a university. Perhaps none said it better than Nike chairman Phil Knight: “If there is a villain in this tragedy, it lies in that investigation, and not in Joe Paterno’s response.” Penn State football, under Paterno, was known for its great defense; the defenders came out strong Thursday. source

Follow ShortFormBlog

23:22 // 2 years ago