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- Sep 6, 2012
DB's are nike's way to "give to charity" in the name of lowering their tax liability. The likelyhood that there may be more of these produced than normal is possible as nike has been doing real well this year and they would rather look good giving to charity rather than giving to Uncle Sam.
The reason they brought back the 5 DB's for the summer was to help aid their charitable contribution number for the fiscal quarter. Make no mistake that they have complete control over things as the charity move is really disguised accounting strategy.
Can't blame them though better to give to a good cause than to the private share holders of the federal reserve.
The reason they brought back the 5 DB's for the summer was to help aid their charitable contribution number for the fiscal quarter. Make no mistake that they have complete control over things as the charity move is really disguised accounting strategy.
Can't blame them though better to give to a good cause than to the private share holders of the federal reserve.