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Keady publicly refused to support Nike and was forced to resign his position as soccer coach. [1] After resigning, Keady continued to research the conditions in Nike's Sweatshops. He traveled to Indonesia and for a month lived among the Nike factory workers, surviving on the $1.25 per day wage the workers earn. [2]
On May 31, 2012, NIKE, Inc. announced its intention to divest of Umbro and Cole Haan to sharpen its focus on driving growth in the NIKE, Jordan, Converse and Hurley brands.
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A study by the Nike-founded Global Alliance for Workers and Communities found that 70% of Nike factory workers in Thailand rated their supervisors as good, and 72% thought their income was fair. In Vietnam, most workers "thought the factory was a 'good place to work' and planned to continue at least three years," and 85% of those polled felt ...
Nike Inc. (NYSE: NKE) reported fiscal first quarter 2013 diluted earnings per share (EPS) of $1.23 on revenue of $6.67 billion. In the same period a year ago, the sporting goods maker reported ...
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