Nike's Dropping Sales in China Shows that Capitulation to Tyranny is a Lose-Lose Strategy
Nike now finds itself being squeezed on both ends, at home, and in China.
Nike stands out among all American companies that have kowtowed to Beijing in exchange for accessing the Chinese market. Last year, Nike’s CEO John Donahoe unabashedly declared during an earnings call with Wall Street analysts that “Nike is a brand that is of China and for China.” His declaration came right after the company expressed some vague concern…
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