Hooray for Thursday!
Hello, Curse and Coffee friends,
Today, we explore Nike Vs. The Feds.
Hit reply and let us know what you think (we read all of your kind words).
Coffee at the ready…
The Big Sip
The take: Nike didn't just meet its diversity goals. It crushed them. That's now Exhibit A.
What happened: The EEOC filed a federal subpoena enforcement action on Wednesday to force Nike to hand over records dating back to 2018.
Why it matters: For five years, companies posted diversity targets to show they weren't racist. Now the feds are using those same documents to argue they were.
What to watch: Nike calls the subpoena "an impermissible fishing expedition." If the court agrees, companies exhale. If not, every HR department starts shredding by Monday.
Nike's target was 35%. It hit 41%. In most companies, that's a bonus. In this one, it's a subpoena.