StringerBell said:
this is fascinating. she got fired, in part, because her son was running a resale operation using her credit card.
basically her son had exclusive access to shoes due to his mom's position
Thanks for the link.
I read the
Bloomberg article, then the Complex article linked in the tweet comments.
Apparently, she alerted Nike her son established West Coast Streetwear in 2018 and they were okay with it.
I'm not sure if her position was an advantage to him, unless it was the information he passed on to his subscribers about shoe valuations. Apparently, the implication of inside information is enough to force her resignation.
It appears his biggest advantage was access to his mother's high credit limit, allowing him to buy $200k worth of shoes at a time, which is a big advantage when you're making deals that net 10-20% profit. Being able to buy in bulk means he can make a business off 'bricks', while others ignore them because of their low rate of return.