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Veteran Nike executive quits after her 19-year-old son 'used her credit card to spend $132,000 on limited edition sneakers so he could flip them for a profit for his resale business'
UK Daily Mail ^ | March 2, 2021 | Sophie Tanno

Posted on 03/02/2021 6:45:26 AM PST by C19fan

Nike vice president has left the sportswear giant days after it was reported that her teenage son had used a credit card in her name to buy limited edition sneakers to then sell on in a lucrative scheme.

The company said the departure of Ann Hebert, vice president and general manager of Nike's North America business, is effective immediately and that it plans to announce a replacement shortly.

Bloomberg Businessweek last week reported that Hebert's son Joe Hebert, 19, used a credit card in her name to purchase sneakers for his resale company, West Coast Streetwear.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: chat; sneakers
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To: Lurkina.n.Learnin

When I was a kid the local grocery store had a big tub of tennis shoes out front. You’d dig through and find your size. Times have changed.

.................................................

I found a light tan pair of tennis shoes I liked and asked the clerk if they had them in my size. He brought back a pair that was in my size but they were sparkling white. I pointed this out to him and he told me they were the same color, it was just that the ones on display were dirty from being customer handled so much. True story friend.


21 posted on 03/02/2021 8:52:14 AM PST by Graybeard58 (The China virus doesn't scare me, Venezuelaism does.)
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To: Captain Peter Blood

I worked there and I have seen people fired for unauthorized charges - non-Nike = on their credit cards.

One idiot lost her job because she used her Nike c/c to pay a utility bill. Some others were let go because of a gift card problem which I never totally understood but they were a good hardworking team and they were gone.


22 posted on 03/02/2021 8:52:15 AM PST by Aria (- )
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To: lerker
Must be something the article isn’t saying since they dumped an actual female executive..

I was thinking the same thing. Just speculation here, but if it was a company issued credit card to be used only for company related expenses (such as business travel), then I can see why she was fired. (It would also explain why the card has such a high credit limit.) If it was her own personal card, then I don't know.

23 posted on 03/02/2021 9:04:06 AM PST by GreenHornet
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To: brownsfan

“I asked her for Adidas and she bought me zips!”


24 posted on 03/02/2021 9:08:59 AM PST by HamiltonJay
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To: bobbo666

Nike paid slave labor $1.98 to make the shoes then sold them for $132,000

I’m sure the teen thief didn’t make that kind of profit, but Nike probably fire his mom because the kid figured out their profit scheme.


25 posted on 03/02/2021 9:10:50 AM PST by shotgun
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To: FreedomNotSafety

It said she had disclosed it, but I do wonder if the disclosure was less than full.

My guess is a settlement with an NDA and a contracted for statement that she resigned.


26 posted on 03/02/2021 9:11:03 AM PST by PAR35
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To: Aria

My ex-wife was the executive assistant to the VP for PACCAR (Peterbuilt & Kenworth) the top executives were forbidden to own any from vehicle manufactured by a parent company of a competitor.


27 posted on 03/02/2021 9:15:28 AM PST by shotgun
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To: C19fan
Costco this is not


28 posted on 03/02/2021 9:28:48 AM PST by Zack Attack
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To: Captain Peter Blood

she supposedly resigned...

https://meaww.com/pascal-hebert-ann-hebert-husband-nike-formed-west-coast-streetwear-transfer-son-joe-hebert


29 posted on 03/02/2021 9:33:48 AM PST by stylin19a (If you think it's hard to meet new people, try picking up the wrong golf ball.)
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To: C19fan
BTW found this interesting recent article on his business

https://www.bloomberg.com/features/2021-sneaker-investment/

"When I asked Hebert about the connection later that year, he acknowledged that Ann was his mother...He insisted, though, that she not be mentioned in the article and cut off contact not long after our conversation."

30 posted on 03/02/2021 9:38:49 AM PST by Zack Attack
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To: deport

She is too good looking to fire.
This will make for awkward conversation around the dinner table.
Son to mom: Have you found a new job yet?
Mom: No
Son: You can work for me
Mom: What position?
Son: Maybe help ship the tennis shoes?
Mom: Cannot repeat what she will say....


31 posted on 03/02/2021 10:40:54 AM PST by minnesota_bound (I need more money. )
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To: deport

Bet there’s more to this story...


32 posted on 03/02/2021 10:52:33 AM PST by mewzilla (Break out the mustard seeds. )
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To: Captain Peter Blood

Probably exploited his relationship to her to get access to that many pairs of the limited edition shoes.

“Do you know who my mother is?”

Not any more.

Actually, this is just another entry in my “the only true thing you can say about the wealthy is that they have a lot of money” collection of events.

There is absolutely no (as in “zero”) correlation between wealth and any attribute usually associated with good character. Many times, the initial proof is provided by their children.


33 posted on 03/02/2021 10:56:42 AM PST by Captain Rhino (Determined effort today forges tomorrow.)
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To: PAR35
Nor I, and my 19 YO son has strict instructions to return my credit card after he uses it (small purchases, food, etc.).

Somehow, I'll bet that Ms. Hebert was getting ready to retire.

34 posted on 03/02/2021 11:04:27 AM PST by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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To: GreenHornet
Just speculation here, but if it was a company issued credit card to be used only for company related expenses (such as business travel), then I can see why she was fired. (It would also explain why the card has such a high credit limit.)

Lines up with my experience in the corporate world. I've seen similar.

35 posted on 03/02/2021 11:07:29 AM PST by Chuckster (Friends don't let friends eat farmed fish)
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To: moovova
So the kid was a capitalist. So what?

I agree, enterprising young fellow. Better than many 30-year-olds (& older) that live with mom and are going no where.

36 posted on 03/02/2021 11:59:10 AM PST by roadcat
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To: C19fan

I haven’t worn sneakers in decades. When I see adults in sneakers (unless they are actually like on a basketball or tennis court or out jogging), I just shake my head. It’s a very juvenile look.


37 posted on 03/02/2021 12:01:28 PM PST by SamAdams76 (By stealing Trump's second term, the Left gets Trump for 8 more years instead of just four.)
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To: C19fan

I collect shoes. Antique wood, porcelain, glass, and metal. The most expensive one I have is a 6 in. sterling silver pin cushion I paid $110.00 for and I thought that was a bit much at the time. Made in 1878 in NYC.


38 posted on 03/02/2021 12:07:47 PM PST by lucky american (Progressives are attac Iking our rights and y'all will sit there and take it.)
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To: Aria

So this kid might have been using her corporate card.


39 posted on 03/02/2021 12:30:44 PM PST by Captain Peter Blood (https://www.freerepublic.com/focus/bloggers/3804407/posts?q=1&;page)
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To: shotgun
You can't show up at Nike wearing a competitor's clothes...you'll get sent home.

One of the guys who was fired over the gift card fiasco had a Nike tattoo - a Swoosh. He's works at Addidas now - i wonder if he got the Swoosh lasered off.

40 posted on 03/02/2021 2:36:59 PM PST by Aria (- )
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