The Jordan Brand organization, made by Nike, is one of the business' most productive organizations. In 2013, Jordan Brand shoes earned an amazing 2.7 billion dollars. Around the same time, Michael Jordan, by joining forces with Nike, earned an expected $90 million.
The NBA leader in scoring the average, he was the league’s leading scorer each year from 1986 to 1993 and 1996 to 1998, for a record ten titles, and is third on the all-time points list. Jordan also starred for the 1984 and 1992 gold-medal-winning U.S. Olympic teams. Known as his “His Airness,” and “Air Jordan,” he popularized basketball around the world; for a time he was probably the world’s most famous person. His commercial endorsements and the NBA’s Charlotte Bobcats; he first invested in the team in 2006. (Columbia Electronic Encyclopedia, 6th edition Pg.
The Mini Case manifests that Nike’s core competency is to create heroes. Nike spends over $1 billion per year sponsoring athletes, and transfer its brand image via celebrity effect. Nike sponsoring athletes who with huge potential, or even from disadvantaged backgrounds (Rothaemel, 2015). Those people’s success stand for “impossible to possible”, Nike impressing its customers that everyone can become a hero by these inspiring stories. From 1976 to 1983, Nike focused on product innovation, and launched the Air shoe which significantly contributed to a reversal in declining sales.
9/11 had brought Al-Qaeda the international notoriety that yearned through the live broadcasts. In addition, 9/11 affected both Al-Qaeda and the US’s finances. Bin Laden gloated that “every dollar al-Qaeda invested in the operation cost the US economy $1 million” (91). In contrast, America suffered economic consequences due to the attacks: Wall Street stocks lost 16 percent of their value and airlines companies laid off 170,000 employees. Initially, 9/11 seems like a victory for Al-Qaeda.
Off the court, Lebron James is married to his High School sweetheart Savannah Brinson. He has had 3 kids with her- Lebron James Jr., Bryce Maximus James, and Zhuri James. He lives in Akron Ohio in a 9.2 million dollar mansion. Lebron James is sponsored by Nike, Coca-Cola, Dunkin Donuts, Mcdonald 's, Samsung, and a few others. He made 90 million dollars from Nike while he was only 18.
In 1990 Nike was alleged to have paid tens of millions of dollars into a private swiss account outside of the 160 million dollar sponsorship deal with Brazil, for the FIFA Cup ,that was already going through effect. This caused a huge uproar for the company accused of bribing officers that were put in charge of the deal. Nike denied ever having a part in that deal but this incident would come back as a recurring nightmare for the most influential Sportswear
Workers freedom during the Gilded Age was only applicable to select group of skilled workers and the interest of farmers were neglected in favor of industrialization. Working conditions for most workers were unsafe and wage prices were low. According to GML, many industrial workers labored sixty-hour weeks with no pensions, compensation for injuries. Consequently, between 1880 and 1890 approximately 35,000 workers perished every year in factories and mine accidents. This was the highest rate observed in the industrial world (GML 598).
Essentially, Washington D.C. was one of the cities that established raised wages. In Jason Russell’s article, D.C. Lost Restaurant Jobs After Min. Wage Hike, he describes the repercussions placed on employees once the minimum wage was raised. Russell explains that after Washington D.C.’s minimum wage rose to $10.50 an hour in 2015, increases in restaurant jobs failed to keep up with the quick growth it carried during the economic recovery and further explains how restaurant jobs fell by 1,400 in D.C. (Russell 1). This quotation reflects Warren’s cartoon by representing the symbols of the spike and the man being pierced; recalling that the spike in this picture is portrayed as the harm that will be caused to employees due to the hike in minimum wage, and the man representing minimum wage jobs.
This brought even more corruption within the government and the elites since the economic boom in the late 1970s benefitted only a tiny percentage of the population. This left the poor segments of the population completely neglected. After a severe financial crisis in 1982 and the conclusion of Mexico’s and the United States negotiation regarding the North American Free Trade Agreement in 1992, a group called the Zapatista Army of National Liberation started an armed uprising, whose goals were to protest what it regarded as government failure to deal with regional social and economic problems. In 1994, the Mexican economy went into a terrible recession. This led to an increase in poverty, crime, and, of course, corruption within the country.
There was a revelation of sweatshop working conditions in these countries and this challenged Nike’s business opportunities. From then onwards, Nike had a number of ethical issues; for instance in Vietnam there was the violation of working hours and minimum wage. In addition, there was the use of child labor in Cambodia and Malaysia in addition to forced labor. Nonetheless, the company took full responsibility by recognizing their inherent social responsibilities. According to Dutton, “The company took immediate steps to correct the situation, implementing a code of social responsibility throughout its supply chain that improved working conditions for some 800,000 employees at 700 factories in 52 countries” (Dutton, 2012).
Last year the local government of my small town, Mclendon Chisholm, deliberately Increased the property tax by 15% without the consent of citizens, and the furtive city council and mayor were both accused of corruption and using the money for their own benefits (e.g. Taking long priceless vacations) . One citizen-- a Robert Steinhagen--Created this website where he wrote articles about the political situation in Mclendon Chisholm; his doctrine won over the people of the town and with much hard work and perspiration he and his running mates took
It is March 29, 1765 and the stamp act was enacted about a week ago. The Crane family is very upset over this act enforced by the British Parliament because they do not have a lot of money and it will cause a hardship for them financially. This act made people pay taxes on any printed legal document. Bruce Crane, his wife, and his three children were very upset over this act. The sugar act, which was passed a little under a year ago, already made things very hard on the family and this would just make matters worse.
Panic of 1893 1893-1897 The Panic of 1893 was the worst depression in the nation’s history. The economy was centralized enough that most people were influenced by national markets and almost everyone was vulnerable to the effects of a national economic depression. In April 1893, the U.S. Treasury’s gold reserve dropped below $100 million and set off a financial panic as investors sold off their assets and converted them into gold. Along with the failure of the Philadelphia and Reading Railroad, the market was increasingly unsettled. Bank failures began and spread rapidly, fourteen thousand business failed by the end of the year, and the next four years were spent in the worst depression ever seen.
This era sought to heal the nation after the Industrial Revolution and the corruption and greed of the Business Elite. One major feat of Progressivism was the establishment of settlement houses beginning in 1989, which sought to benefit the working class by providing childcare, classes, and food for labor workers. This relationship between the upper and lower classes provided a sense of empowerment for laborers, especially women. This would eventually lead to the “uprising of 20,000” of 1909, in which Triangel Shirtwait Company workers would march for their rights. These rights were then denied by the government, until the tragic fire that lead to the death of many Triangle employees.
Racial profiling has gone on for many years. It is a situation that has been called out on many different occasions. In the article “Surveillance is Necessary” by Dan White, it says “... the retail industry loses over 31.3 billion dollars every year, and shoplifting represents about one-third of that.” Then goes on to say that it is a smart business move to target those certain ethnic groups who are overrepresented in the arrest statistics when it comes to protecting merchant’s retail industries. I for one believe that it is not correct to racially profile anyone due to the harm that it may cause to the victims of this. First of all, White states that we should racially profile people because of what the statistics say.