Nike reports quarterly earnings on September 25 and we’ll find out if a boycott against the company for choosing former NFL quarterback Colin Kaepernick as a spokesman during the NFL season, even though company executives are aware of the controversy surrounding him and when he kneeled during the playing of the National Anthem as his protest what the American flag represents.
The timing of this is historic: It was 50 years ago, October 16, 1968, that USA Olympic track medal winners John Carlos and Tommie Smith, protested on the award stand during the playing of the National Anthem.
The Kaepernick outrage is minor compared to what happened in 1968. Carlos and Smiths were suspended for life by the United States Olympic Committee. They were thrown out of the Olympic Village. Their medals were stripped and achievements stricken from Olympic records.
This isn’t the first sports-related retail company protest. But is this unorganized protest against Nike effective?
Simon Says posed the question to Rob Plaza, Senior Vice President at Key Private Bank and regular expert for financial news on Simon Says. He oversees earnings of major companies like Nike.
We hope you enjoy the interview. If you didn’t hear Rob’s earlier appearance on Simon Says talking about President Trump’s tariffs, get caught up.
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