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When Nike ousted chief executive John Donahoe earlier this month, there were reports of cheers and popped bottles of Prosecco at the company’s Beaverton headquarters. Those employees were celebrating the replacement of Donahoe with Nike veteran Elliott Hill, who is seen as a better cultural fit, having held numerous roles at the company over 30 years.
A more immediate reason to celebrate: Nike now gets a free pass on what are likely to be another bleak set of earnings on Tuesday. Analysts…
