The FIFA Corruption Scandal Has Damaged Nike.
FIFA
(FIFA) corruption scandals rocked the world. President Blatter was re elected for four terms. He sat on the warm side of the United States to "bite" the American ulterior motives and take the tiger as the name of "rough intervention" in world football.
Whether the hegemony of the US imperialists is pervasive is worth discussing. But Blatter tried to wipe out another accusation with an accusation.
In the impression of Lao Bi, there were two corruption scandals that made the most of the stock market "bleeding" in recent years. It involved the world's largest retailer, WAL-MART's Mexico WAL-MART (Wal-Mart de Mexico, the US OTC OTC code WMMVY), and the state-run Brazil Petroleum Company (Petrobras, NYSE ADR code PBR).
Before the accident, WAL-MART Mexico was one of the highlights of WAL-MART group, which accounted for 20% of all WAL-MART products and contributed a lot to WAL-MART group business.
In 2012, Mexico WAL-MART was prosecuted by the Mexican authorities for the systematic bribery of Mexico government officials over the years.
The case involved about $24 million in bribes to buy local officials so that companies could bypass the law and open new stores.
Mexico WAL-MART has been concealing fraud. The US headquarters claims that it knows nothing about the incident. The reason is that Mexico WAL-MART has "wrapped" bribes into normal legal expenses, even WAL-MART's top decision-making level has been kept in the dark.
After three years, how the scandal ended, I have been too lazy to go deep into it.
However, the price of Mexico WAL-MART was down on the night of the prosecution. The price dropped by 30% on a single day, which is almost the same as the recent decline in Hongkong's "magic stock".
The situation of Brazil oil is quite clear now.
Last year, I had invested many times in selling the covered calls (option) option, when the price of oil had not yet plummeted, and PBR share price was above the bottom.
This stock rose from about 10 US dollars in the middle of last year to 20 US dollars in the early September. Although there were ups and downs in the stock market, it still doubled in less than half a year.
Lao Bi luck was not bad at all. PBR moved up to the exercise price of the call option before the stock went smoothly.
Earning money is still secondary, and avoiding PBR's subsequent slumping is luck.
Brazil's share price fell after September, which is related to the collapse of the oil price (micro-blog blog).
However, with an energy giant that was once sent by many people to lead Brazil as an oil exporter, its ADR dropped to 5 US dollars from a high 20 US dollar, and plummeted 75% before and after. There is a special factor that can not be explained by oil price.
Not to mention that you know it is corruption.
After a thorough investigation, the US judiciary decided to prosecute a number of large engineering firms in Brazil with bribes for a total of 30 senior executives. The amount of bribes amounted to US $3 billion 700 million. Brazil petroleum was suspected of falsifying accounts and failing to truthfully refer to the details of the details of the Commission. There was no peace in the lawsuit and as many as 28 Brazil politicians were involved in the scandal.
PBR bottomed out after the $5 level, although the oil price rebounded, but the state-owned enterprises involved in corruption were hard to come back. After Brazil oil accident, Lao Bi never touched hands again.
Looking back at FIFA, last week's arrest was only the beginning of the US's intervention in the governing body of the International Football Association. Then the figures and institutions involved in the "tiger strike" are bound to be more and more extensive. No wonder many of the world's main sponsorship stores are afraid to neglect, and have launched a public relations offensive, threatening to review the sponsorship agreement.
The aim is to support "clean" football, but actually strive to draw a clear line with the senior officials involved so as to avoid washing into the water.
It is worth mentioning that the US Cbs Broadcasting Inc (CBS) reported that in the 161 page indictment, the US Department of justice referred to an American based multinational sporting goods company in 1996.
bribes
And the domestic support of the Brazil national team.
The US Department of justice did not name names, but CBS reported that after the streets,
Nike
(Nike) immediately launched a clothing sponsorship contract with the Brazil national team on the company's website, saying that Nike group was very concerned about the serious allegations of the US Department of justice.
Wait a minute...
The US Department of justice has never publicly named its name in the document. It only refers to A company as a sporting goods provider.
Nike can't wait to "wash the land". Do you think there is no silver here?
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