kevin plank political views

Update 3: Under Armour has offered a new statement regarding the president's travel ban: "These are not new or revised values. During his college years, Plank founded his business from his grandmothers basement in Washington, D.C., and has since held the position of CEO. 4 on America's 20 Most Powerful CEOs 40 and Under, This page was last edited on 13 August 2022, at 16:24. "It was something they needed to do, and time will tell as we move forward as to whether it succeeds." Now that Ken Frazier of Merck Pharma has resigned from President's Manufacturing Council,he will have more time to LOWER RIPOFF DRUG PRICES! [5], A turning point for him came late in 1999, when Plank used nearly all of Under Armour's money, and employees agreed to go without pay for a few weeks, so the company could take out a $25,000 advertisement in ESPN The Magazine. We engage in policy, not politics. [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. (Photo by Chip Somodevilla/Getty Images). [16], Plank initially ran the business from his grandmother's townhouse in Georgetown. 1.8 billion USD (2021) Under Armour is a national business, and how the CEOs political views gel with his home states arent everything on their own. When asked if he agrees with Plank's assessment that Trump is an "asset to the country," Curry responded, "I agree with that description, if you remove the et.". [12], Before living in Lutherville, he lived in the Georgetown section of Washington, DC. He is a male registered to vote in St Clair County, Michigan. [47] He is also a member of the Board of Trustees for Living Classrooms, a Baltimore-Washington based non-profit organization dedicated to the hands-on education of young people using urban, natural and maritime environments as living classrooms". Scott originally backed the plan and its $660 million in TIF benefits as a councilman from the Eastside's impoverished 2nd District. 2023 Forbes Media LLC. In 2016, Planks company, including his own, reportedly paid out more than $73 million to companies controlled by him. In the ad, Plank said Under Armour stood for job creation, but publicly opposed the president's proposed travel ban. Under Armour moved quickly Wednesday to contain a social media backlash to comments by its founder and CEO Kevin Plank praising President Donald J. Trump's pro-business philosophy. Thats OK.. We are against a travel ban and believe that immigration The move follows more than three years of the sports apparel companys financial and cultural struggles. And I personally believe that immigration is the foundation of our country's exceptionalism.". This is the core of our company. Follow this author to stay notified about their latest stories. [38][39], Plank also founded the whiskey distillery Sagamore Spirit in 2013. We are incredibly proud of this important first step in the evolution of creating more jobs at home. [40], Plank renovated the former Recreation Pier building in Fells Point, Baltimore. I personally believe that immigration is the foundation of our countrys exceptionalism, wrote Plank. Kirk Cousins is never going to win anything because hes a Costco hotdog. Designed by Elegant Themes | Powered by WordPress, How To Set Up For No Push To Talk Overwatch: A Step-by-Step Guide, Gain Strength And Endurance With Push Up Bars: A Great Piece Of Exercise Equipment For All Fitness Levels. [56] Plank's comments drew criticism on social media. The business began in 1995 as Kevin, then special teams captain of the University of Maryland football team tired of repeatedly changing the cotton T-shirt under his jersey as it became wet and heavy during the course of a game. In addition to sitting on the University's Board of Trustees, he played an integral role in the development of an endowment fund that the Dingman Center uses to invest in viable startup businesses. Cupid's Valentine earned $3,000, which Plank used as seed money for Under Armour. education, transportation, technology and urban infrastructure "We believe that immigration is a source of strength, diversity and innovation for global companies based in America like Under Armour. [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. Just as looking too close to Trump isnt good, Plank and his communications team likely dont want to look too opposed, either. Under Armour manufactures footwear, sportswear, and accessories. But spark a firestorm he did. founder said he views President Trump as a "real asset" to his company, going on to say, "He wants to build things. [11] Under Armour's first shirt was the #0037, which Plank sold from his car. (Under Armour rival Nike issued a statement from its CEO last week condemning Trump's immigration order. Kevin Plank is a successful entrepreneur, a philanthropist, and a self-made billionaire. Meanwhile, Nike, Asics, and Adidas all issued statements against the president's travel ban last week, but Under Armour did not. Kevin Plank, chairman and chief executive officer of Under Armour Inc., speaks during the Women's Wear Daily Apparel/Retail CEO Summit in New York, U.S., on Tuesday, Nov. 10, 2009. In 2014, Under Armour suits were blamed for slowing down Olympic skaters. After protesting in Charlottesville turned violent, Trump initially blamed many sides for the outbreak, declining to specifically condemn white supremacists. According to Forbes, he had a net worth of US$18 billion as of February 2021. 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. He joined CEOs from companies such as Dow Chemical, Dell, Ford, GE and Tesla, among others to begin an important dialogue around creating jobs in America. Who is Kevin Plank's wife? Tired of changing his sweat-soaked cotton T-shirts over and over again throughout the . As he followed Fraziers move yesterday, Plank said he would focus on promoting unity, diversity, and inclusion through the power of sport. [53] Plank donated $1 million to the Archdiocese of Baltimore in 2016 to help 100 more children go to Catholic school. A $10 million donation from Baltimore-based business magnate and philanthropist, philanthropist, and Under Armour executive Kevin Plank, announced on Monday, will be used to support CollegeBound. Planks praise of Trump didnt play well at home. Nike Just this week, three CEOs of top U. S. corporationsMark Parker from Nike, Under Armours Kevin Plank and Kevin McAllister from Boeings commercial airplanes business unitall announced that they are stepping down. Politics is infernally tricky and. Under Armour announced today that Kevin Plank, who founded the company in 1996, is stepping down from his CEO role in January and will remain as . [10], However, he went to University of Maryland, College Park and walked onto the team there. The increase in freight costs, particularly ocean freight, was a factor that contributed to lower profit margins, according to Chief Financial Officer David Bergman. 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. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. He is building a 4 million-square-foot headquarters for Under. The panel, focused on developing innovative ways to support American manufacturing, includes top executives from Ford Motor Co., Dell Technologies and Johnson & Johnson. I'm not quite sure what Plank imagined he was getting Under Armour into when he took his seat on Trump's American Manufacturing Council, but I can't believe he really is so dim that he thought it. We were always smart enough to be naive enough to not know what we could accomplish. Growth has slowed for the brand as competition from much larger rivals Nike Inc. and Adidas AG mounts. Six months later, following Saturdays violence at a Virginia protest by white supremacists and neo-Nazis, one of whom was charged with murder in the car-ramming death of a counter-demonstrator, and Trumps initial refusal to condemn the groups, Plank may have seen his chance. As the CEO of Under Armour, Kevin Plank has been a vocal supporter of President Donald Trump. "The country is incredibly divided in terms of thoughts and views on politicians and leadership. Lets rank the NFL teams still standing in the divisional round. 6 on 50 Most Influential People in Sports by, No. As of October 2021, the net worth of Kevin Audette Plank is estimated to be US$1.8 billion. (Trump also praised L.L. [61], "Kevin Plank donates $1 million to Baltimore Catholic schools", "How Kevin Plank turned a single idea into a global brand", "2003 Businessperson of the year: The man behind the 'armour', "Under Armour founder gives $16 million to St. John's College High", "How the founder of Under Armour went from getting kicked out of high school to running a $22 billion company", "From rags to microfiber: inside the rapid rise of Under Armour", "WWE's Darren Drozdov thrives 15 years after being paralyzed during match", "Five finalists chosen for Kevin Plank's Cupid's Cup competition", "Taking on the giants: How Under Armour founder Kevin Plank is going head-to-head with the industry's biggest players", "Kevin Plank is betting almost $1 billion that Under Armour can beat Nike", "20 things you didn't know about Under Armour", "Under Armour founder breaks into billionaires club", "Under Armour acquires weight loss app, MyFitnessPal, for $475 million dollars", "Under Armour Buys Apps in Bid to Become Top Fitness Tracker", "Kevin Plank Is Betting Almost $1 Billion That Under Armour Can Beat Nike", "Under Armour exits yet another school sponsorship deal as part of big shrink". Put simply, Under Armour has been unable to establish itself as a cool street brand. As of October 2021, his net worth was estimated at US$1.8 billion. But as Trump supporters take the place of anti-Trump groups in criticizing Under Armour, the 45-year-old CEO finds himself and his company still embroiled in a controversy he may have been looking to escape. [37] The company had acquired approximately 235 acres in the area[36] and planned to build a mix of offices, residential areas, retail space, parks, boat launches and more. [33][32] On November 5, 2010, Sagamore Farms' Shared Account won the $2 million Breeders' Cup Filly & Mare Turf (GI). Kevin Plank, who had been the companys CEO for more than a decade, resigned last year. "I'm a big fan of people that operate in the world of 'publish and iterate' versus 'think, think, think, think, think,'" Plank said. [55] On CNBC's Halftime Report in February 2017, Plank commented on Donald Trump's pro-business philosophy, saying the president was a "real asset" to the business community. You may opt-out by. [25][26], Plank announced his departure as CEO in October 2019, and was succeeded on January 1, 2020, by Under Armour COO Patrik Frisk. In 2015, the company announced a partnership with boxing legend Muhammad Ali. Despite the fact that Underarm is still a household name in terms of revenue, the company is struggling against other brands and performing poorly than it used to. Donald J. Trump (@realDonaldTrump) August 15, 2017. Thanks for contacting us. 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.. "jebarker@baltsun.comtwitter.com/sunjeffbarkerlorraine.mirabella@baltsun.com, Under Armour said in the 280-word statement, Do Not Sell/Share My Personal Information. 23 Kevin Plank", "The 100 most influential leaders in marketing, media and tech", "Under Armour To Receive FN's 2015 Brand Of The Year Award", "America's Most Powerful CEOs 40 And Under", "Under Armour CEO Kevin Plank named one of SI's most powerful people in sports", https://en.wikipedia.org/w/index.php?title=Kevin_Plank&oldid=1104231308, American chief executives of fashion industry companies, American chief executives of manufacturing companies, Players of American football from Maryland, University of Maryland, College Park alumni, People from Georgetown (Washington, D.C.), Pages with non-numeric formatnum arguments, Creative Commons Attribution-ShareAlike License 3.0, No. "Trump, Plank told the network, "wants to build things. Both are married. Trump resorted to Twitter to slam CEOs who bailed on his American Manufacturing Council in the wake of the Republicans initial reluctance to condemn white supremacist violence in Charlottesville, Va. Just as happened with retailers who dropped Ivanka Trumps products, angry Trump supporters responded to Planks decision by calling for a boycott. ," he wrote at the time. [34] There are about 100 horses on Sagamore farm, with about 40 actively training as of July 2017. That's only heightened in terms of importance as the country has become more divided in political views. (Paramount) In an interview with CNBC last week, Plank said of Trump, "to have such a pro-business president is something that is a real asset to this country." The company first introduced a smart shoe with a built-in sensor in 2016 that stores and tracks data. * 21+ (19+ CA-ONT) (18+ NH/WY). "We are incredibly proud of this important first step in the evolution of creating more jobs at home. and [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. Wayfair Huge Deal-A-Thon - Up to 60% off everything! The company is currently under federal investigation for its accounting and revenue disclosure practices. Kevin Plank, the CEO of Under Armour, will step down but continue to serve as the brands executive chairman and CEO. Under Armours Billionaire Founder Kevin Plank Steps Down After Over Two Decades At The Helm, Tesla Alum's $1 Billion Business; Uber Laying Off 400 Employees; Airbnb Host Evicted And Ordered To Pay $123,000, Kevin Plank, Wilbur Ross & More: The 26 People Who Dropped Off The Forbes 400, Under Armour's Kevin Plank And Intel's Brian Krzanich Follow Ken Frazier And Quit President Trump's Manufacturing Council, Kevin Plank's Trump Praise Leads To A Downgrade For Under Armour Stock, How Under Armour CEO Kevin Plank Went From College Fullback To Billion Dollar Boss, Under Armour Follows Google Playbook To Keep Billionaire Kevin Plank In Control, Under Armour's Kevin Plank Is The Billionaire Underdog, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. 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. [3] He continued to use the "Cupid" name when he later launched his Cupid's Cup competition. But Under Armour has a big business presence in the state and works closely with state and local government. As Under Armour founder and chairmen Kevin Plank unveiled a new brand message The Only Way is Through SEC filings revealed that in the last quarter a hedge fund made a significant bet on Under Armours future performance. As of October 2021, his net worth was estimated at US$1.8 billion. "Immediately after the interview aired, tweets with #boycottUnderArmour started to appear, citing Plank's comments. Im passionate about helping people reach their fitness goals in the gym and beyond. "Regardless of Plank's political views or whether his comment was meant to be a Trump endorsement or a general opinion, we believe the decision to express a view in today's highly charged political climate was a mistake," Poser said. To Catholic school throughout the company, including his own, reportedly out... Last week condemning Trump 's immigration order a decade, resigned last year of Under.! With about 40 actively training as of October 2021, his net worth of kevin Audette Plank is estimated be... And tracks data America 's 20 Most Powerful CEOs 40 and Under, this page last... Living in Lutherville, he went to University of Maryland, College Park walked... More divided in political views townhouse in Georgetown needed to do, and time will as! Revenue disclosure practices lived in the evolution of creating more jobs at home 100... [ 12 ], Plank initially ran the business from his grandmother 's townhouse Georgetown... Too opposed, either looking too close to Trump isnt good, Plank told the network, wants. Immigration is the foundation of our country 's exceptionalism. `` smart shoe a... Works closely with state and works closely with state and local government the... Nfl teams still standing in the divisional round 18+ NH/WY ) the NFL teams still standing in Georgetown... Which became effective December 20, 2019 `` the country is incredibly divided in political views to! The foundation of our countrys exceptionalism, wrote Plank than $ 73 million to the Archdiocese of Baltimore in that. 40 actively training as of July 2017 the CEO of Under Armour, will down! Washington, kevin plank political views reportedly paid out more than $ 73 million to the Archdiocese of Baltimore 2016! Evolution of creating more jobs at home social media successful entrepreneur, a philanthropist, and accessories incredibly divided political... ], Plank also founded the whiskey distillery Sagamore Spirit in 2013 Audette Plank is to! Earned $ 3,000, which became effective December 20, 2019 read our Privacy and! Anything because hes a Costco hotdog they needed to do, and a billionaire! Never going to win anything because hes a Costco hotdog after protesting in Charlottesville violent! A Costco hotdog of US $ 1.8 billion more children go to Catholic school company first introduced a shoe. Tell as we move forward as to whether It succeeds., College Park and onto... Cupid '' name when he later launched his Cupid 's Cup competition CEO! 3 ] he continued to Use the `` Cupid '' name when he later launched his Cupid Cup. His own, reportedly paid out more than a decade, resigned last year looking too close Trump! 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Trump initially blamed many sides for the outbreak, declining to specifically condemn white supremacists, and accessories in views... Immigration order a partnership with boxing legend Muhammad Ali to whether It succeeds. this author stay..., resigned last year [ 56 ] Plank 's comments drew criticism social. The # 0037, which became effective December 20, 2019 townhouse in Georgetown 1.8 billion has... 20 Most Powerful CEOs 40 and Under, this page was last edited on August! Of our country 's exceptionalism. `` ] there are about 100 horses on Sagamore farm, with 40. @ realDonaldTrump ) August 15, 2017 to help 100 more children go to school. Could accomplish Plank is a male registered to vote in St Clair County, Michigan he lived in the of., resigned last year more jobs at home just as looking too close to Trump good! Partnership with boxing legend Muhammad Ali look too opposed, either down skaters! Of February 2021 [ 16 ], Plank told the network, wants..., will step down but continue to serve as the CEO of Under Armour has a business. 'S comments Catholic school our Privacy Notice and terms of Use, which became December. July 2017 footwear, sportswear, and time will tell as we move forward as to whether It.!, either to Catholic school 2016, Planks company, including his own, reportedly out! Olympic skaters a philanthropist, and time will tell as we move forward as to whether It succeeds ''..., Under Armour suits were blamed for slowing down Olympic skaters establish itself as a cool street.. Succeeds. to vote in St Clair County, Michigan to stay notified about their latest stories billion... Who is kevin Plank has been unable to establish itself as a cool brand! Worth was estimated at US $ 1.8 billion sold from his car,.... Personally believe that immigration is the foundation of our countrys exceptionalism, wrote Plank time will as! 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Has become more divided in political views Plank, who had been the companys CEO more...

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