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Monday, September 17, 2007

Restitution from Vick? Nike shareholders ask

Nike executives say they will discuss the financial impact of the company's relationship with Michael Vick Thursday during a quarterly earnings conference call. Questions arose today during Nike’s annual meeting, when a shareholder asked Nike executives about the financial impact of the cancellation of the Vick shoe and possibility for restitution. Nike officials said they could not discuss it at this time but would during the conference call this week. Nike severed its ties with Vick in late August after he filed a plea agreement on dogfighting conspiracy charges and was suspended by the NFL. (Source: Associated Press)

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