Nike Executive Resigns After Her Son Used Her Corporate Credit Card to Fund His Resale Sneaker Business

Hello Everyone,

So, I know I haven’t been on here in a while. I’ve been keeping busy with teaching classes, keeping myself afloat, etc. Plus, this Texas storm put a lot of things in disarray. There were a lot of people whose homes were flooded, as well as without electricity, heat, water, food, etc. A lot of the grocery stores had run out of food. In my case, I was without water for two days because the main pipe in my apartment complex had burst, so they had to turn the water off to keep apartments from flooding. I had to search for water. We are slowly, but surely starting to get back to what’s now considered normal.

So, the story. I just read an article about the Nike Executive that had to resign because her 19-year-old son charged her corporate credit card over $130,000 to fund his resale sneaker business. Ann Hebert, who had been with Nike for over 25 years and was most recently the company’s vice president and general manager for North America, had made the decision to resign from Nike. Her son, Joe Hebert, told Bloomberg Businessweek about his operation to purchase sneakers, and flip them for high profit. Reports say that he purchased $132,000 worth of Yeezys on his mom’s corporate credit card, and flipped them for a $20,000 profit. He claimed that his mother had nothing to do with his business, but he obtained the shoes by knowing the right people and simply living in Portland, OR, where Nike headquarters is located.

After reading this article, here are my issues:

  • Why is this article calling him a 19-year-old teenager when he is a legal adult? (I find it funny how people of other races and ethnicities are considered children and teenagers, but African American children and teenagers are considered adults before they actually become adults, but we’re not going to talk about that today!)

  • Does this woman not look at her credit card statements? Does she not look at what charges are made on her account?

  • She didn’t see the boxes of shoes and wondered how her son was able to make this large purchase?

  • Does she always freely give her son her corporate credit card, or did he steal it? 🤔

I have never heard about this woman before, and I want to say that I feel bad for her, but there is so much confusion as to how this happened. Growing up, I never had access to anything of my parents until I was responsible enough to handle certain things. Of course, my mother taught me about those things, and there were times where she would send me to different places to handle financial errands for her. She would always have her checks written out, and she had it organized as to what company received what check. As I became older, she explained money, paying bills, and credit to me. I’d never even seen my mom’s bank statement until I was almost in college, and I never seen any type of financial statements when it came to her place of employment, so I’m very confused as to how this 19-year-old young man was able to obtain his mother’s corporate credit card to make these purchases. I feel bad for her because she spent 25 years with Nike, and last year, she was just promoted to vice president and general manager. She was with this company for 25 years, and now she has to resign because of her son and his actions.

So, my next set of questions:

  • Is she now going to work with her son?

  • Did she lay out a detailed plan for her son to pay her back? (I already know the answer to this is NO.)

  • Again, how did her son get her CORPORATE CREDIT CARD?!

  • Is her son going to pay Nike back? (look at the answer to 2nd question)

If I was this lady, I know that my son and I would have to have a talk about his actions. If you would like to know more about this situation, you can read this article:

https://www.cbsnews.com/news/ann-hebert-nike-resigns-joe-sneaker-resale/

This is too much for me.

Until Next Time!