Tuesday, 06. November 2018
The sporting goods manufacturer Under Armor Plank CEO is reportedly maintain unfair business practices. Visits to strip clubs together with athletes and contractors are not uncommon – the costs are borne by his company.
According to a newspaper report, the US sporting goods manufacturer Under Armor has opposed employees to continue paying visits to strip clubs at company costs. This practice had been common practice for a long time, and it was not until that year that the corporation emailed employees to the fact that they would no longer be tolerated, the Wall Street Journal said, citing private circles inside the company.
According to the report, employees, including executives such as chief executive Kevin Plank, often went to strip clubs after corporate events with athletes and colleagues – in many cases, the company took over the costs. The behavior was symptomatic of conditions that women found humiliating in Under Armor. For example, managers should have invited younger female colleagues – depending on their "attractiveness to male guests" – to exclusive parties on a Planks estate.
Under Armor did not deny the incidents in a statement to the newspaper. "We can and will do better," said founder and CEO Plank. The employees earned a respectful work environment. He believes that "systemic inequality" is a global problem, Plank continues, with significant cultural change already underway at Under Armor. Even the great rival Nike had caused a stir this year with reports of sexism allegations and discrimination.
Plank founded the company in 1996 and has since served as CEO of the sporting goods manufacturer, which employs 14,000 people worldwide. Under Armor developed rapidly and now comes to an annual turnover of about five billion dollars. Following the release of the report, the company's stock fell more than three percent.