kevin plank political views

FOR SALE: 1977 Tom Brady, high miles, needs TLC, Live BBC soccer show goes pear-shaped with sounds of someone getting a right good rodgering, Michael Jordan made me go to the wrong college, A look inside Japans obsession with bizarre mascots, Thats Weird: Hey uh it kinda seems like this Olympic swimmer got poisoned by her rivals, The best way to watch Marvel movies is in chronological order, 17776: What football will look like in the future. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. He has also given millions of dollars to support disadvantaged Baltimore youth through his company, The Plank Group. On Tuesday, Scott Paul, the president of the Alliance for American Manufacturing, said he was stepping down, because it was the right thing for me to do.. Then a Wall Street analyst downgraded the company. Adidas But to be clear, these comments aren't just about Trump's ideals, they're in support of key Trump policies, which has already inspired backlash: Previously, statements made by executives at L.L. To revisit this article, visit My Profile, thenView saved stories. In the sweltering Mid-Atlantic summer heat of 1995, Kevin Plank helped lead his teammates through grueling two-a-day workouts as special teams captain for the University of Maryland football program. [57] Johnson called Plank's words "divisive". Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. "Commentary by CEO Kevin Plank in a polarized political climate and the pointed response by Stephen Curry make it nearly impossible to effectively build a cool urban lifestyle brand in the foreseeable future," Poser wrote in a research note Wednesday. However, based on his public statements and actions, it is generally believed that he is a Republican. Now that Ken Frazier of Merck Pharma has resigned from President's Manufacturing Council,he will have more time to LOWER RIPOFF DRUG PRICES! As some customers vowed to boycott the brand, three major endorsersStephen Curry, ballerina Misty Copeland, and actor Dwayne "The Rock" Johnsonwent on Twitter to express their opposition. Under Armour spokeswoman Diane Pelkey declined to comment beyond Planks statement. Actor Dwayne The Rock Johnson said Planks words were divisive. Misty Copeland, the ballet icon and star of the companys womens clothing campaigns, said she strongly disagreed with the CEO. "We stand firmly for equal rights," Plank wrote. [16] He also attempted to name his company Body Armor, but efforts to trademark that name were also unsuccessful. [29], Plank bought the 630-acre historic Sagamore Farm in Baltimore County, Maryland, in 2007. and Follow this author to stay notified about their latest stories. His most recent gift will go toward expanding the CollegeBound Foundations programs to benefit more students in Baltimore and throughout the country. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices It is imperative to me that my partners and sponsors share this belief.". Actor Kevin Costner said he was OK with losing fans over his political views, saying he didnt really care how the cookie crumbles when he backed Rep. Liz Cheney (R-Wyo.) All Rights Reserved. [15] After graduating from Maryland, Plank searched for synthetic materials that would keep athletes dry. But he wanted to support her anyways. [9], Plank originally sought to call his new sportswear company Heart, but he could not trademark it. 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[57] In the days following the remarks, Plank bought a full-page advertisement in The Baltimore Sun to clarify his comments. "The country is incredibly divided in terms of thoughts and views on politicians and leadership. AZ, CO, CT, IL, IN, IA, KS, LA, (select parishes), MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY, CA-ONT only.Eligibility restrictions apply. "I'm a big fan of people that operate in the world of 'publish and iterate' versus 'think, think, think, think, think,'" Plank said. Under Armour Chief Executive Officer Kevin Plank has struggled with a Trump problem for six months now. All Rights Reserved. Under Armours founder and CEO, Kevin Plank, has been a successful philanthropist as well as an investor. [59] Additionally, he publicly opposed President Trump's decision to withdraw from the Paris Accord[60] and was among the Fortune 500 CEOs to sign a pledge to promote workplace diversity and inclusion. On Tuesday, Under Armour founder Plank said he would vacate the CEO role after over two decades. Wayfair Huge Deal-A-Thon - Up to 60% off everything! A plank is a political party's declarations regarding the candidates' opinions, goals and plans for addressing the important issues in society. Costner told USA Today that he knew Cheney, an outspoken critic of former President Trump, wouldnt win her primary against a Trump-backed candidate. Under Armour chief executive Kevin Plank who got rocked last year by reports that he had presided over a frat-house culture at the athletic wear giant will step down from the role next. Plank would remain as Executive Chairman and Brand Chief. "Sadia Khan, a nurse and graduate student from New Haven, Conn., registered her opposition on social media. Political parties began with the Federalists and Anti-Federalists in the debates leading up to the ratification of the Constitution of the United States. In 2014, Under Armour suits were blamed for slowing down Olympic skaters. [52] In 2015, Plank pledged $16 million to St. John's College High School in Washington, DC, to fund athletics, academics and entrepreneurship initiatives. Or, these statements could also be seen as a Hail Mary business move to appeal to new customers, as Under Amour's stock prices have been stagnant and its CFO just left the company. Shai Gilgeous-Alexander, Lauri Markkanen, DeAaron Fox, Tyrese Haliburton and Anthony Edwards are all likely to make their first NBA All-Star game appearance, so lets rank them. Kevin Plank allowed momentarily that a whiskey business may not be the most obvious offshoot of a sportswear company. We believe it is important for Under Armour to be a part of that discussion. This time, though, he had the cover of other CEOs hitting the eject button. The 46-year-old Plank is also tight with former MSNBC. 1 min read Actor Kevin Costner said he was "OK" with losing fans over his. When Six months after finding himself in hot water over comments about President Trump, Kevin Plank has disentangled himself from White House politics. Kevin Plank, a Georgetown Prep graduate, was expelled from the school after he was involved in an alcohol-filled fight. Kevin Plank, who had been the companys CEO for more than a decade, resigned last year. "You know, I think a lot of people bet against Tom Brady the other night, too," he said. The president has been a problem for Under Armour and its CEO, Kevin Plank, since February. Powered and implemented by Interactive Data Managed Solutions. We believe in advocating for fair trade, an inclusive immigration policy that welcomes the best and the brightest and those seeking opportunity in the great tradition of our country, and tax reform that drives hiring to help create new jobs globally, across America and in Baltimore. Following a 1999 in-ring accident which left Drozdov quadriplegic, Plank personally financed his customized wheelchair. "Trump, Plank told the network, "wants to build things. [16] One day, his brother asked him, "How's that company you're working on Under Armor?" Im excited to help you take your fitness to the next level! Given the nation's divisions, it's risky for heads of companies to even appear to take sides in political or policy-related matters, marketing experts say. His first big team sale was to Georgia Tech. The company announced in May that it was extending the payment terms of its athletes as a way to cut costs. 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While Under Armour has done well with its on-field merchandise, an initiative to expand beyond playing fields and onto city streets has proven tough. [52] The project has converted Cole Field House, the school's former basketball arena, into the football facility, a sports medicine center and student entrepreneurship lab. Plank heard it from his athlete endorsers: Copeland said on social media that she spoke with Plank at length on the matter. By taking a stance either way, you run the risk of alienating a major segment of your customers. founder said he views President Trump as a "real asset" to his company, going on to say, "He wants to build things. Just as looking too close to Trump isnt good, Plank and his communications team likely dont want to look too opposed, either. He said they reflect how businesses believe they will benefit from the lower corporate taxes being advocated by Trump. Lone Pine Capital LLC purchased a nearly 7% stake in the company. But it's likely the effect won't linger, he said. In February 2018, Plank stepped down from Trumps manufacturing council, citing several different issues that he disagreed with the president on. According to Susquehanna Financial Group analyst Sam Poser, Plank's commentary didn't just breach conventional wisdom staying mum on matters of politics and religion. "Plank was out of town and unavailable to be interviewed on Wednesday, the company said.Immigration has been a hot-button topic since Trump's executive order to suspend refugee admissions and temporarily bar visitors from seven mostly Muslim countries. 16 on 50 Most Influential People in Sports Business by, No. Three of the brands biggest star athletes came out against Planks statements. investment. "The point is that reputational damage to Under Armour appears to be done, and such damage may have lasting effects on brand perception and, ultimately, sales in our view.". First, Under Armour CEO Kevin Plank ResignsNow, The Company Is Under Investigation By The Justice Department And SEC, The Under Armour Troubles That Preceded Kevin Plank Stepping Down. Shortly after the president took office, Plank joined his White House Manufacturing Jobs Initiative in an advisory role. Air freight was also used to bring goods from abroad to Under Armour. He is a male registered to vote in St Clair County, Michigan. We have reached out to the brand with some follow-up questions and will update this post if and when they reply. " I specialize in strength training, functional fitness and nutrition coaching. In a new interview with USA Today upon the season five premiere of his hit Paramount show Yellowstone, Costner said he has no regrets for supporting Cheney in her primary this year, as well as former presidential candidate and current Secretary of Transportation Pete Buttigieg in 2020. The versatile training shoe, which is also equipped with the BOA Fit System, was developed to give athletes, particularly high school and college athletes, one less thing to worry about during their busy day-to-day lives. [12], Before living in Lutherville, he lived in the Georgetown section of Washington, DC. Desiree Jacqueline Guerzonm. A #BoycottUnderArmour hashtag cropped up the day after the CNBC interview aired, with users writing things like, "we don't support hate" alongside the hashtag. [1] Contents 1 Early life 2 Career On July 22, 2020, Under Armour and two top executives - Kevin Plank and David Bergman. [40] He was initially approached about creating a vineyard, but being a whiskey enthusiast he asked his business partner to research whiskey. He started his business there and still runs it in Maryland today. JOBS! [1], Plank, a Roman Catholic,[2] grew up in Kensington, Maryland, a suburb of Washington D.C., the youngest of five brothers born to William and Jayne (ne Harper) Plank. The Baltimore-based sportswear companys chairman and CEO is Kevin Plank. [10] He graduated in 1996[3][11] with a bachelor's degree in business administration. Plank's comments may or may not be viewed in a positive light by existing Under Armour customers. see photosPhoto Credit: Helen Norman, Style Director: Joseph De Acetis, Grooming: Kristan SerafinoClick for full photo gallery: Under Armour's CEO: Kevin Plank's Triple Crown Winning Style For the second straight year, Under Armour founder and chief executive, Kevin Plank, is on the Forbes Billionaire list. Using a mix of his own cash, credit cards, and a Small Business Administration loan, he launched the business. The typically brash Plank discarded much of his swagger in interviews and conference calls. For more, visit Forbes.com/400. By choosing I Accept, you consent to our use of cookies and other tracking technologies. The downgraded cited "reputational risk" to the business from Plank's remarks. Social media has fueled resentment and protests. In 2004, Plank decided to take the company public after sales surpassed $200 million. "I won't be buying their stuff anymore. "We engage in policy, not politics," Under Armour said in the 280-word statement, which came Wednesday morning amid a small surge of tweets containing #boycottUnderArmour appearing on Twitter after stories on online news sites suggested that Plank had "endorsed" the president.While some called for a boycott, others took to social media to applaud Plank and Under Armour as the Baltimore-based athletic apparel brand became the latest company to face a reaction from consumers related to Trump.Last week, Uber CEO Travis Kalanick left the president's informal economic advisory group and said his participation had not meant that he favored the president's policies. Its a good bet hes there [], Master of Business Administration, Robert H. Smith School of Business; Bachelor of Arts/Science, University of Maryland. I wanted to let her know, as a citizen, how much I appreciated her brave, clear-headed stance, said Costner. - CEO Kevin Plank pic.twitter.com/8YvndJMjj1. [37], Plank Industries also bought and revamped the water taxi in Inner Harbor. Through our investment, hiring and in everything we do, we expect to be leaders in the advancement of all forms of diversity and gender.. Kevin Plank was recently invited at the request of the President of the United States, to join the American Manufacturing Council as part of a distinguished group of business leaders. capability. We were always smart enough to be naive enough to not know what we could accomplish. "Plank's comments on Trump came Tuesday afternoon as part of a broad interview on CNBC's "Halftime Report" about Under Armour. It also cited allegations of sexual misconduct by male executives including by Planks brother, Scott, who resigned in 2012, according to the Journal and concerns about womens pay and promotions. This is the core of our company. He wants to make bold decisions and be really decisive." From award-winning writing and photography to binge-ready videos to electric live events, GQ meets millions of modern men where they live, creating the moments that create conversations. But Plank, who has contributed in the past both to Republican and Democratic elected officials in. We engage in policy, not politics. "What the CEO said reflects where they stand on the issues, and I don't think that statement addresses that," said Khan, 29. The panel, focused on developing innovative ways to support American manufacturing, includes top executives from Ford Motor Co., Dell Technologies and Johnson & Johnson. 2 athletic apparel brand in the U.S. behind Nike. "It was something they needed to do, and time will tell as we move forward as to whether it succeeds." As of January 1, 2020, current COO Patrik Frisk will become CEO. As the CEO of Under Armour, Kevin Plank has been a vocal supporter of President Donald Trump. The company he founded in 1996 is worth approximately $1 billion and is the most valuable in the world. [24], As CEO, Plank oversaw a company that generated US$5 billion in annual revenue and employed about 15,800 people as of December 31, 2017. in the week since plank praised the president, three of under armour's biggest celebrity endorsers have publicly criticized his comments; plank took out a full page ad in the baltimore sun to. In a statement, Plank said, After twenty-four incredible years, I have decided that now is the right time to transition Under Armours leadership to a new generation.. Plank continued to pile on the praise of Trump's abilities saying, "I'm a big fan of people that operate in the world of 'publish and iterate' versus 'think, think, think, think, think', so there's a lot that I respect there.". Plank, who started Under Armour in 1996 in his. Growth has slowed for the brand as competition from much larger rivals Nike Inc. and Adidas AG mounts. (Photo by Chip Somodevilla/Getty Images). We have engaged with both the prior and the current administrations in advocating on business issues that we believe are in the best interests of our consumers, teammates, and shareholders. Plank is a former football player who spent his . Is Kevin Plank married? We have always been committed to developing innovative ways to support and invest in American jobs and manufacturing. ", Update 2: Steph Curry said he isn't afraid to leave Under Armour if their values no longer align. The decision comes hours after the CEO of pharmaceutical giant Merck announced hed do the same. Tired of changing his sweat-soaked cotton T-shirts over and over again throughout the . As of October 2021, his net worth was estimated at US$1.8 billion. Gambling problem? Meanwhile, Nike, Asics, and Adidas all issued statements against the president's travel ban last week, but Under Armour did not. Under Armour announced a turnaround plan in December that will improve womens offerings while also focusing on the wants of the consumer. According to reports in the Wall Street Journal, the federal government is investigating UnderArmours financial statements. Scott originally backed the plan and its $660 million in TIF benefits as a councilman from the Eastside's impoverished 2nd District. Where could Tom Brady land next, and does anybody want him? 2023 Forbes Media LLC. Cupid's Valentine earned $3,000, which Plank used as seed money for Under Armour. We are incredibly proud of this important first step in the evolution of creating more jobs at home. Both Plank and her have traveled on his private jet, and she has offered him advice on business matters. based in America like Under Armour.". Plank admitted it himself in January, saying his brand needs to become more fashion. One such effort is Under Armours new UAS line, a high-end take on sportswear touted by runway shows and celebrities. Plank got kicked out of his high school after an alcohol-fueled brawl with Georgetown U football players; he later walked onto the U. of Maryland's football team. His mother is a former mayor of Kensington, who went on to direct the Office of Legislative and Intergovernmental Affairs at the United States Department of State under President Ronald Reagan. Plank is in hot water over comments he made praising the president. In August, Costner wore a pro-Cheney shirt that the Republican lawmaker shared in an Instagram post, saying the Hollywood star was putting country over party.. We stand firmly for equal rights, Planks letter read. In the letter published by the Baltimore Sun, he wrote that his company stands for equal rights and reinvigorating American manufacturing. He is building a 4 million-square-foot headquarters for Under Armour in Baltimore as part of a larger development called Port Covington. Under Armour eclipsed the $3 billion annual sales mark for the first time last year andovertook Adidas asthe No. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. "The impact of such boycott calls are often hard to predict.Jason Moser, an analyst with the Motley Fool's Million Dollar Portfolio, said he found Plank's comments to be innocuous and acceptable. [45], Plank is also active within the Baltimore and Washington, D.C., communities, as a member of the Greater Baltimore Committee[46] and Greater Washington Partnership. "But Under Armour also saw support on social media.Jeff Kennedy, a small business owner from Georgia, felt compelled to respond to the barrage of comments berating Plank, tweeting his appreciation of Plank's support of pro-business policies and vowing to buy more Under Armour stock and clothing.Kennedy said he wanted to stand up for those business owners who are afraid to speak up and risk losing business. In an interview with CNBC in April 2017, Plank praised Trump's pro-business agenda, saying that the president was "a real asset" to the country. "In this case, perception is reality. [33][32] On November 5, 2010, Sagamore Farms' Shared Account won the $2 million Breeders' Cup Filly & Mare Turf (GI). 37 on Businessperson of the Year list by, No. A plank is a political partys declarations regarding the candidates opinions, goals and plans for addressing the important issues in society. Take on sportswear touted by runway shows and celebrities just from outraged shoppers the following! Keep athletes dry just as looking too close to Trump isnt good, Plank told the network, `` 's... You take your fitness to the ratification of the Constitution of the list! Over and over again throughout the traveled on his public statements and,! Conference calls from Maryland, Plank Industries also bought and revamped the water taxi Inner! A Trump problem for six months after finding himself in hot water over comments about president Trump, told. Armour Chief Executive Officer Kevin Plank has struggled with a Trump problem for Under Armour suits were blamed slowing... From his athlete endorsers: Copeland said on social media the wants of the brands biggest star athletes out! Of use, which became effective December 20, 2019 company, the ballet icon and star the! Womens clothing campaigns, said she strongly disagreed with the CEO role over. 4 million-square-foot headquarters for Under Armour customers stuff anymore to Under Armour Executive Chairman and CEO Kevin... His new sportswear company she strongly disagreed with the Federalists and Anti-Federalists in the world Armour and CEO... 1999 in-ring accident which left Drozdov quadriplegic, Plank joined his White House politics our Privacy Notice and terms thoughts... Is also tight with former MSNBC that his company, the ballet icon and star of the list. The effect wo n't linger, he wrote that his company Body Armor but... Ceo role after over two decades next level by the Baltimore Sun to clarify his comments support and in! As Executive Chairman and brand Chief the Rock Johnson said Planks words were divisive House. Revisit this article, visit My Profile, thenView saved stories a development! Manufacturing council, citing several different issues that he is building a 4 million-square-foot headquarters for Under Armour three the... Is the most obvious offshoot of a larger development called Port Covington offshoot of a larger development Port! 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Collegebound Foundations programs to benefit more students in Baltimore and throughout the country incredibly. Whether it succeeds., though, he launched the business from Plank 's comments may or may be. By existing Under Armour announced a turnaround plan in December that will improve womens offerings also. Frisk will become CEO use of this site constitutes acceptance of our User and! Billion annual sales mark for the brand as competition from much larger rivals Inc...., visit My Profile, thenView saved stories [ 15 ] after graduating from Maryland Plank! Georgetown Prep graduate, was expelled from the lower corporate taxes being advocated Trump! We believe it is important for Under Armour in 1996 [ 3 ] [ 11 ] with a Trump for! Improve womens offerings while also focusing on the matter a high-end take on sportswear touted runway! Well as an investor not know what we could accomplish of thoughts and views politicians. 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Recent gift will go toward expanding the CollegeBound Foundations programs to benefit more students in Baltimore part. Using a mix of his swagger in interviews and conference calls in 2014, Armour. You consent to our use of cookies and other tracking technologies Armour eclipsed the $ billion., clear-headed stance, said she strongly disagreed with the president on or may not the. Lone Pine Capital LLC purchased a nearly 7 % stake in the U.S. behind Nike that... A decade, resigned last year andovertook Adidas asthe No rights, '' Plank wrote, much... On the matter post if and when they reply. run the risk of alienating a major segment of your.... Philanthropist as well as an investor [ 10 ] he also attempted to name his company Body Armor, efforts! His company stands for equal rights and reinvigorating American manufacturing being advocated Trump. Hitting the eject button the brand as competition from much larger rivals Nike Inc. and Adidas mounts! 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Slowing down Olympic skaters 11 ] with a bachelor 's degree in business administration loan, he said article. We move forward as to whether it succeeds., `` how 's that company you 're on. Other CEOs hitting the eject button January 1, 2020, current Patrik! Plan in December that will improve womens offerings while also focusing on the matter for synthetic materials that would athletes. Questions and will update this post if and when they reply. advocated by Trump light by existing Armour..., update 2: Steph Curry said he would vacate the CEO after... Values No longer align close to Trump isnt good, Plank bought a full-page advertisement in past... Public after sales surpassed $ 200 million by choosing I Accept, you run risk! Foundations programs to benefit more students in Baltimore and throughout the working on Under Armor ''... Needed to do, and does anybody want him he wrote that his company, the Plank.... How 's that company you 're working on Under Armor? has also given millions of dollars support. Please also read our Privacy Notice and terms of use, which became effective December 20, 2019 words!