Word: nike
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...would be ... hey, wait a minute, potential is money, at least in the talent-famished world of the NBA, and James is filthy, stinking rich. At 18, without having played a second of pro ball, the 6-ft. 8-in. James just signed a seven-year endorsement deal with Nike for more than $90 million. He's getting paid for wearing shoes, people. Some of us do that for free. James is expected to be the No. 1 pick in the NBA draft on June 26, which means he will probably go to the Cleveland Cavaliers--a team with...
...month, 250,000 visited in just three days. Inside the mall Spanish pop tunes blared from loudspeakers as families pushed strollers along marble floors, past shop windows for large Spanish chain stores like Zara and El Corte Inglés, and over half a dozen international brands such as Nike, H&M and Benetton. As in any mall, teenagers stood in atriums under giant skylights, smoked cigarettes and checked each other out. The McDonald's was packed, as were four tapas bars. Seventeen-year-old Leticia Gonzalez said that while she would still hang out in Madrid at night...
CSTV has the cash to give it a go. Bedol and co-founders Steve Greenberg (who helped start Classic Sports) and Chris Bevilacqua (who has negotiated TV deals for Nike) started pitching the concept to athletic conferences and cable operators two years ago. Last spring Bedol, Greenberg and Allen & Co., a New York City investment bank (and Greenberg's employer), put up $10 million. In a viewer survey last fall by a big cable operator naming 40 new or proposed channels, CSTV ranked...
...course, it is unsavory to profit from war—and that is what Harvard and hundreds of thousands of other shareholders are doing this very instant. Similarly, each purchase of a Coke product funds a company that denies its African workers ample AIDS medication; each pair of Nike shoes funds third-world sweatshops. And while some have approached these problems through a lens of divestment, most activists have correctly taken far more innovative and engaging approaches to solving these problems. Simply put, although divestment from defense contractors is a feel-good move, it does nothing to realistically address...
Furthermore, making a snap judgment to pull funding from defense companies opens the floodgates for divestment from other morally ambiguous industries. Coca-Cola and Nike are only a few examples; given adamant students and faculty, an argument could be made that nearly every company is socially irresponsible, that each is giving rise to societal ills in some manner or another. And on each example, there would likely not be a clear moral consensus...