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DAILY DOSE: March 2, 2021 Posted on 03/02/2021 1. Beaverton, Oregon-based company Nike Inc. terminated an employee. Ann Hebert, Nike’s vice president and general manager of North America, exited the company after Bloomberg Businessweek broke a story on her son. Her son (known as West Coast Joe) was running a business that was reselling sneakers and using a credit card in his mom’s name. 2. JPMorgan CEO Jamie Dimon sees interest rates going up. Dimon said he would not buy 10-year Treasuries. 3. Amazon.com, Inc. is being sued for alleged race and gender discrimination in Washington, D.C. 4....

Business by Noah Manskar, New York Post 3rd Mar 2021 8:52 AM | Updated: 10:16 AM   One of Nike's most senior executives has been forced to resign after she was linked to her son's lucrative sneaker-flipping business. Ann Hebert, the sportswear giant's vice president and general manager for North America, left her job Tuesday (AEDT) after more than 25 years at Nike, the company said in a brief statement. Nike did not say why Hebert resigned, but her departure ...

Hebert worked for Nike for 25 years through various international roles and helped head the company’s North America division.

Ann Hebert has voluntarily stepped down as Nike’s North America general manager and vice president. Herbert had been at the company for over 25 years until it was reported in Bloomberg last week that her son, Joe Hebert, 19, was running a sneaker resale business known as West Coast Streetwear. “No violation of company policy, privileged information or conflicts of interest, nor is there any commercial affiliation between WCS LLC and Nike, including the direct buying or selling of Nike products,” said Nike per Bloomberg.

Ann Hebert, the executive, left Nike days after Bloomberg Businessweek published an article about her son, the owner of a sneaker resale company. He denied receiving inside information from her.