I see that Nike stock has lost 20% in a single day as the company appears to be on the trail blazed by Boeing. Apparently they've gone the route of hiring a non footwear accountant as CEO who's chosen to focus on cutting costs/living off old products to make quick money. Innovation and new products have slipped badly and they are in a spiral of lost panache and becoming just another swinging shoe dick. Worked well for a couple years but is now time to pay the piper. Maybe this has been discussed on another board I don't read. Anyway, I'd think this will have great bearing on the collegiate Adidas vs Nike debate as Nike will have to cut costs further in a big way. I'm probably late to the matter but man this could make KU' Adidas deal a very good thing.
