#corporatemarxism

PG slices another $8bn off Gillette in 4Q

P&G reported stronger earnings overnight but wrote off another $8bn in 4Q on top of the $6bn in 3Q on the Gillette brand in terms of goodwill and intangibles. Of course management brushed this off as significant devaluations over a decade, lower shaving frequency and new entrants at prices lower than the average. Nothing to do with the toxic masculinity campaign 6 months ago? Get real.

Under grooming, most of the results performance came through the sale of real estate in Boston. Other than that the company reported unfavorable channel mix, volume declines, brand communication investments and currency headwinds. The CFO Jon Moeller said with respect to Gillette,

You’ve got here a business with a very broad global footprint, and particularly with the year that we have just been through, that impacts that value assessment,”

Sorry, what does that even mean? No surprises that grooming was the worst performing division in P&G’s quiver.

Get woke, go broke.

African-American pastors’ Nike petition

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Will Nike flinch or listen?

Mark Parker
President/CEO
Nike World Headquarters
One Bowerman Drive
Beaverton, OR 97005

Dear Mr. Parker,

We, the undersigned, are people of faith and principle, united in our love for America and what it stands for. Many of us marched in the civil rights movement of the 1960s and have an established record of civic activism.

With that background, I hope you will understand how dismayed we were to learn that your company decided to “pull” a specially-designed shoe that celebrated America’s independence and the Betsy Ross flag. It has been reported that you made this decision based on objections from Colin Kaepernick, a celebrity activist and former professional athlete who has become the “face” of your brand.

We represent a variety of races, ethnicities, and creeds. And we agree that Mr. Kaepernick’s views on America and the flag are fringe opinions, not shared by any of us … especially the African Americans who marched against segregation with Dr. Martin Luther King, Jr. In fact, we find Mr. Kaepernick’s views to be ill-informed and offensive, especially to veterans and others who have served this country.

Mr. Kaepernick does not represent us. Moreover, he has tainted our view of your brand. Removing the Betsy Ross flag shoes at his behest implies that your company shares his negative view of America, its founders, and the woman who designed the first flag.

How can we purchase merchandise for ourselves or our families from a company that holds those views of our country?

If this is not the case, we urge you to make it clear that you respect the American flag, its people, and its Founders. We ask that you sever your relationship with Mr. Kaepernick, who has become synonymous with radical anti-American sentiment. And we ask that you make amends to veterans by producing a select run of the Besty Ross shoes for the benefit of veterans groups and organizations that help military families.

For a long time, sport has been something that brings Americans together. Nike has been one of the companies we associate with “Team USA.” Please don’t tarnish that legacy by continuing to cater to anti-American politics.

Sincerely,

Rev. Bill Owens

President, Coalition of African American Pastors

Link to petition here

How dare you stand by your man

If CM had a dime every time another person or corporate talked about “diversity and inclusion” he’d be a millionaire. That one has to claim the bleeding obvious is nothing more than sanctimonious virtue signaling. It is nauseating. It’s like asserting one stands against Nazis. Really? How woke!

To have people question Israel Folau’s wife supporting her husband beggars belief. What does one expect? That she might publicly shame him on her Twitter account? Is anyone surprised she retweeted his GoFundMe appeal? Perhaps former Aussie netballer Liz Ellis can advise Maria Folau in the art of throwing her beloved under the bus.

She tweeted, “How about this: There is no room for homophobia in our game. Anyone who is seen to support or endorse homophobia is not welcome. As much as I love watching @MariaFolau play netball I do not want my sport endorsing the views of her husband.”

Liz, should Netball NZ launch a witch-hunt on Maria? Shall we make an example of her? Perhaps ask Jacinda Ardern’s judiciary to sink its newly sharpened fangs into Maria for retweeting Izzy’s ‘hatred’ and incarcerate her? Perhaps ask Twitter to terminate his account?

ANZ, sponsor of the domestic netball premiership, unsurprisingly came out with a politically correct response. Does ANZ have to prove to the 0.1% of activists who claim faux outrage that it isn’t homophobic? Why not appeal to the 0.000001% of fornicators, adulterers and drunks who might have been upset by Folau? It is amazing to think these institutions hire so many staff to floss the chrome fixtures in the executive bathroom.

Corporations really need to grow a pair. “Diversity and inclusion” are overused more in corporate virtue signaling than Casanova serenading “I love only you” on Valentine’s Day.

If ANZ had a look at the bank account balances of the activists that they fear so much they would soon learn they could easily afford to lose their business.

Quit the moral preening. You aren’t fooling anyone.