This Is Why Nike's Head of Basketball Business Just Resigned

The Street reports that exec Michael Jackson just left his seat as vice president and general manager of the Nike's basketball business. Jackson resigns after just two years in the position and will be replaced by 27-year company veteran Craig Zanon. Zanon previously headed the company's basketball division for seven years and was recently managing Nike's global training branch. According to Stifel analyst Jim Duffy, a note given to clients read, "The resignation follows underwhelming holiday se...