It is reported that Ann Herbert joined Nike on 1995 and served as the head of Asia Pacific and Latin America branch. Last June, she was promoted to general manager and vice president of North American company.
On March 1 day, Nike said that Ann Herbert, vice president and general manager of its North American branch, had left her post with immediate effect, and Herbert had worked for Nike for 25 years. Earlier, it was reported that Herbert 19-year-old son Joe runs a company that sells sports shoes, and uses her credit card to buy limited edition sports shoes and resell them to make money.
A company spokesman said that it was Ann Herbert's decision to resign, but declined to comment.
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Son of general manager of Nike North American fried shoes
Cowen, an American investment bank, pointed out that in the months after the outbreak of the COVID-19 epidemic, a large number of consumers turned to online channels to buy sports shoes, and the secondary market of sports shoes showed rapid growth, because of the impact of shoe manufacturers such as Foot Locker selling their stocks due to the decline in sales.
Shoe manufacturers such as Joe Herbert can use computer programs to identify the most popular sports shoes and snap up a large number of sports shoes for resale online. Last May, Joe Herbert's West Coast Street Clothing Company even completed a $600,000 transaction.
On July 30, 2020, one hour before the release of Yeezy Boost350 Zyon sneakers, Joe Herbert and his team used special computer programs to visit the Yeezy supply website, and prepared the credit card information of their mother Ann Herbert in advance for each program.
In the end, Joe Herbert used his mother's credit card to buy limited edition sports shoes worth $65,438 +0.32 million, and made a profit of more than $20,000 through resale.
China Economic Weekly -25-year-olds are in danger! The general manager of Nike North America resigned because of his son's shoe speculation scandal.