November 5, 2018


No Image

Olympic Officials Move To Dump USA Gymnastics As Organizers Of Olympic Athletes

Simone Biles of the U.S. shows her gold medal after the women’s vault final at the gymnastics World Championships in Doha, Qatar last week.

Vadim Ghirda/AP


hide caption

toggle caption

Vadim Ghirda/AP

The U.S. Olympic Committee has taken preliminary steps to revoke USA Gymnastics’ status as the governing body for the sport, after it fumbled attempts to reorganize after a sexual abuse scandal.

In an open letter to the U.S. gymnastics community, U.S. Olympic Committee CEO Sarah Hirshland wrote, “You deserve better.” Invoking the decertification process would usher in new leadership, she added, acknowledging that the interim period could be rocky: “I do not know how long the process will take, and we will make every effort to proceed quickly.”

This dramatic step can be traced to the scandal that rocked the sport last year, when it came to light that a former team doctor, Larry Nassar, had abused hundreds of athletes under the guise of medical treatment. He is now serving the equivalent of a life sentence in prison.

The organization has cycled through three leaders in less than two years. Former USA Gymnastics CEO Steve Penny, who presided over the organization during Nassar’s tenure, resigned in early 2017. Last month Penny was arrested for allegedly tampering with evidence related to the Nassar case. Penny pleaded not guilty.

Penny’s two successors were also pressured to step down. Mary Bono, a former member of the U.S. House, lasted less than a week as interim CEO before resigning last month. On social media, Bono had criticized Nike for featuring football quarterback Colin Kaepernick in an ad campaign. Kaepernick has knelt at NFL games to protest police brutality and discrimination against African-Americans.

Simone Biles, the biggest star in gymnastics and a Nike-sponsored athlete, took to Twitter to register her disapproval of Bono’s since-deleted tweet.

Bono resigned shortly afterwards. Before her, the job was held for less than a year by Kerry Perry.

Despite the USOC’s move, the USA Gymnastics board said it would continue to serve the gymnastics community: “Our commitment will always be to ensure the health and safety of our members while they pursue their love of the sport.”

Despite the disarray at USA Gymnastics, the female team has triumphed in international competitions. They dominated at the World Championships this week, and Biles took home a record four gold medals.

Let’s block ads! (Why?)


No Image

Lowe's To Shutter 51 Underperforming Stores

Lowe’s announced Monday it will close 51 stores in the U.S. and Canada.

Lowe’s


hide caption

toggle caption

Lowe’s

The home improvement retailer Lowe’s will be closing 51 locations in the U.S. and Canada, it announced Monday.

The company described the stores as underperforming.

“The store closures are a necessary step in our strategic reassessment as we focus on building a stronger business,” said Marvin Ellison, Lowe’s president and CEO.

The list included 20 U.S. locations in 13 different states.

The company said most employees will be offered positions at stores within 10 miles of where they had worked.

“We believe our people are the foundation of our business and essential to our future growth, and we are making every effort to transition impacted associates to nearby Lowe’s stores,” Ellison said.

This decision by Ellison is not unprecedented.

After leaving J.C. Penney and beginning his tenure as Lowe’s CEO in July, he quickly shuttered Orchard Supply Hardware, a chain the company had bought in 2013, NPR’s Rebecca Ellis reported.

Regarding the most recent cutback, some stores will close immediately and others will wind down operations more gradually, selling off remaining inventory.

All the stores on the list are expected to be closed by the end of the company’s 2018 fiscal year, which is Feb. 1, 2019.

Let’s block ads! (Why?)