Under Armour founder used TV anchor's advice when facing negative coverage, records show
Publishing timestamp: 2023-08-29 17:42:19
Summary
Court documents reveal that Under Armour founder Kevin Plank had an unusual relationship with television anchor Stephanie Ruhle, including private jet rides and access to confidential company information. Ruhle advised the company during negative coverage and helped combat negative reports. The relationship raises ethical questions about the boundary between reporters and the people they cover. Both Plank and Ruhle were deposed in connection with a shareholder lawsuit against Under Armour. The company claims the documents have no bearing on the lawsuit and are being defended vigorously.
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Keywords: media, business, business news, breaking news: business, under armour inc, chewy inc, retail industry,
Source: https://www.cnbc.com/2023/08/29/under-armour-founder-kevin-plank-stephanie-ruhle.html