Photo by Lefteris kallergis on Unsplash BIZ Nike Executive Ann Hebert Leaves Company Following Reports Of Son’s Sneaker Flipping Business by Jason Cordner March 2, 2021 Nike Executive Ann Hebert Leaves Company Following Reports Of Connection Of Her Son’s Sneaker Flipping Business Nike executive Ann Hebert left the company just days after a report detailed the sneaker reselling business her son was running. Last week, Bloomberg Businessweek’s cover story was about Hebert’s 19-year-old son Joe Hebert. Joe is a sneakerhead who makes money by reselling kicks on the open market. In 2018, Ann disclosed information to Nike about her son’s reselling business. The company said at the time that Hebert did not violate “company policy, privileged information or conflicts of interest,” according to Bloomberg Businessweek. But after last week’s story, Hebert reportedly resigned from her position as Nike’s vice president and general manager in North America. She was in charge of sales, marketing, and merchandising in that region. Bloomberg described a transaction in which Joe and his team used bots to overwhelm a Yeezy Supply website designed to limit purchases to one per customer. Hebert told Bloomberg he racked up $132,000 in purchases that day and quickly flipped the supply for a $20,000 profit. Without being a Nike employee, it appears Joe may have gotten the cheat codes from his mom. Post Views: 904 The following two tabs change content below.BioLatest Posts Jason Cordner Latest posts by Jason Cordner (see all) Lebron James Leaves Coca-Cola To Sign With Pepsi - March 22, 2021 WNBA Rolling Out Red Carpet For Upcoming 25th Anniversary Season - March 16, 2021 Nike Partners with National Urban League to Promote Employment and Home Ownership for the Black Community - March 15, 2021 Rob Gronkowski Gets In On NFT Collection Movement, Becomes First Athlete To Do So - March 10, 2021 Related TopicsAnn HerbertJoe HerbertNikeNike app Newsletter Subscription Can't Miss Posts! Women in Sports: NHL Network Host, Jackie Redmond by Nicholas Durst | posted on March 4, 2019 How To Avoid Scams When Purchasing Football Tickets Online by Guest | posted on July 23, 2020 XFL Co-Owner Dany Garcia Talks Business, Serving Others at espnW Women + Sports Summit by Candace Cordelia | posted on October 23, 2020 Women in Sports: Ariel Epstein, On-Air Host at SportsGrid (VIDEO) by Anthony Paradiso | posted on March 12, 2021 From Paramus High School to CBS Sports, Spero Dedes is making waves in sports broadcasting by Sunil Sunder Raj | posted on October 27, 2020 More in BIZ You Know I’m Right, Episode 113: New York Post Columnist Phil Mushnick (Audio/Video) On the 113th episode of You Know I’m Right, Nick Durst and Joe Calabrese are joined by... You Know I’m Right, Episode 112: New York Jets’ Insider Brian Costello (Audio/Video) On the 112th episode of You Know I’m Right, Nick Durst and Joe Calabrese are joined by... How the You Know I’m Right Podcast Reached 100 Episodes On March 29, 2021, the You Know I’m Right Podcast published it’s 100th episode... You Know I’m Right, Episode 111: New York Giants’ Insider John Schmeelk (Audio/Video) On the 111th episode of You Know I’m Right, Nick Durst and Joe Calabrese are joined by... Supportive Fans and Golfers Help Tiger Woods Through His ‘Tough Time’ 4 U.S Women Olympians Launch New Company Called TOGETHXR