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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’: 

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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’: 

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The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

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While Trump insisted the Iran war would end ‘soon,’ an account in his name was buying millions in oil, defense, and gold
Nike

Nike Cuts Ties with Boxer Manny Pacquiao

By
John Kell
John Kell
Contributing Writer and author of CIO Intelligence
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By
John Kell
John Kell
Contributing Writer and author of CIO Intelligence
Down Arrow Button Icon
February 17, 2016, 3:57 PM ET
X158076_TK1_2063
Boxing: WBO welterweight title Manny Pacquiao vs. Timothy Bradley II Action MGM Grand Garden Arena/Las Vegas, NV, USA 4/12/2014 X158076 TK1 Credit: Jed JacobsohnJed Jacobsohn—Sports Illustrated

Nike, the world’s largest athletic gear maker, has ended the company’s endorsement deal with boxer Manny Pacquiao after the athlete made homophobic comments during a Filipino television broadcast.

Pacquiao, a Philippines senatorial candidate, generated outrage when he said, “Gay people are worse than animals” on TV. He initially defended those comments by citing the Bible, though he later apologized for the comparison. He maintained his position that he remains against same sex marriage.

The tone of the comments and the subsequent apology was too little, too late for Nike (NKE).

“We find Manny Pacquiao’s comments abhorrent.” the company said in a statement. “Nike strongly opposes discrimination of any kind and has a long history of supporting and standing up for the rights of the LGBT community.”

Nike added, “We no longer have a relationship with Manny Pacquiao.”

Athletic sponsorships are important to help companies like Nike sell gear, though they also present risks when high-profile athletes behave poorly or end up making statement like Pacquiao’s which many Americans would find offensive. Other notable athletes Nike has severed ties with in recent years include South African sprinter Oscar Pistorius, the NFL’s Ray Rice, and cyclist Lance Armstrong.

About the Author
By John KellContributing Writer and author of CIO Intelligence

John Kell is a contributing writer for Fortune and author of Fortune’s CIO Intelligence newsletter.

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