Nike exits S&P 100 amid ‘very intense woke hangover’: Guy Benson
Washington Examiner columnist Guy Benson criticized Nike for its removal from the S&P 100 index, viewing it as a outcome of the company’s focus on progressive messaging rather than strong business fundamentals. Benson expressed concern over the company’s declining stock value,store closures,and questioned whether internal debates prioritized issues like mannequin sizing over core business strategies. Additionally, there are subscription prompts for the Washington Examiner, emphasizing unlimited access to news, analysis, and subscriber-only journalism, along with options for existing members to log in or print subscribers to register.
Washington Examiner columnist Guy Benson said Nike’s removal from the S&P 100 renewed criticism of its political missteps, arguing the company focused too much on progressive messaging and not enough on business fundamentals.
“If I were a shareholder, I’d be demanding to know, given the plunging stock value, strip from the S&P 100, closing stores across the country, I’d want to know how much time and effort was spent debating in the board room how plus-size the mannequins should be, versus the things that made the company into the great company that it was for so long,” Benson said on Fox Business’s The Bottom Line on Tuesday.
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