Word: knightings
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...Inventories ballooned as customers shunned boring products with high prices. And because Nike cranks out an entirely new product line every year, it has been powerless to stop the damage. "You are always six months away from disaster," says Nike's chairman and shoe-bah, Phil Knight. Nike's earnings projections have been dropping like so many Tiger Woods putts. Worse, the company's top shoe salesman, fella named Jordan, is threatening to retire to run his own little business...
Like a teenager after a growth spurt, Nike is a multibillion-dollar monster finding its size awkward. Knight's challenge is to re-create the essence of the outfit he first operated out of the trunk of his car with his college track coach and a bunch of running geeks who would do anything to avoid a real job. But this won't be a jog in the park. Last week the company announced a restructuring that landed heavily on its sports center-cum-headquarters in Beaverton, Ore., where about 250 employees were laid off. "When you grow quickly," says...
...augment--but not replace--"Just Do It." The company is also betting heavily that a new Alpha line of shoes and apparel, to be introduced late this year, will swing momentum back in its favor. "What we have to do is re-energize ourselves, starting with the product," says Knight...
...chief of staff and trigger-happy troubleshooter. Lawrence Harris (Kevin Cooney), the New England Senator who runs against Stanton until being felled by a heart attack, could be the physically frail Paul Tsongas. Cashmere McLeod (Gia Carides) stands in for Gennifer Flowers. And Fred Picker (Larry Hagman), the white knight who comes out of retirement to threaten Stanton's front-runner status, is a kinder, less kooky, more kinky H. Ross Perot...
...album goes, mixing Frank Zappa into a black sheep cover of Frederick Knight's northern soul lament, "Lonely," taking a cool, excited, but never tense reigns over the popular arrangements and sound bites of Western culture. On "Marbles," Kermit's soft spoken rap pulls a danceable pulse out of the rambling cowboy melody that eventually surrenders to a rousing disco-esque horn section. Only the fifth track, "Rubber Band," goes too far. Where the rest of Stupid, Stupid, Stupid makes a cheerfully boisterous rewiring of the listener's head, "Rubber Band" pummels it with a crow...