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    3 more Nike execs depart amid probe into workplace behavior

    By SHOOTUpdated:No Comments1507 Views
    In this Oct. 17, 2017 file photo, The Michael Jordan "Jumpman" logo is shown on merchandise at the Charlotte Hornets' NBA basketball fan store in Charlotte, N.C. (AP Photo/Chuck Burton, File)
    NEW YORK (AP) --

    Three more Nike executives are leaving amid the company's efforts to overhaul workplace culture.

    They are Vikrant Singh, a senior brand director for the Nike basketball brand in North America; Daniel Tawiah, vice president of global brand digital marketing innovation; and Antoine Andrews, vice president of diversity and inclusion.

    Nike spokesman Greg Rossiter confirmed the departures but declined to say why they were leaving.

    They come a month after Nike's CEO Mark Parker reportedly sent a memo to employees regarding inappropriate workplace behavior and plans to overhaul its leadership. That included the resignation of Trevor Edwards, seen as Parker's successor, and the exit of another executive, Jayme Martin.

    Nike is the latest thrust into a movement that has spread after reports of sexual harassment allegations against movie mogul Harvey Weinstein.

    Tags:Nike



    DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

    Friday, November 22, 2024
    Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)

    DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

    The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.

    The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.

    DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.

    "While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.

    The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.

    The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.

    DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More

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