Nike Comments on Penn State Investigation

Nike has weighed in on the results of Penn State’s commissioned investigation of the Jerry Sandusky sexual abuse scandal.

After a report from former FBI director Louis Freeh indicated that head coach Joe Paterno and several executives at the school actively covered up Sandusky’s crimes, the Beaverton, Ore.-based firm released a statement expressing its regret.

In a statement, Nike CEO Mark Parker revealed that the company will rename its Joe Paterno Child Development Center at the firm’s corporate headquarters.

“I have been deeply saddened by the news coming out of this investigation at Penn State. It is a terrible tragedy that children were unprotected from such abhorrent crimes. With the findings released today, I have decided to change the name of our childcare center at our world headquarters. My thoughts are with the victims and the Penn State community.”

In a separate statement, the company’s co-founder and chairman, Phil Knight, admitted he, too, was sorry to learn of the report’s findings. This past January, Knight defended the tarnished coach while delivering the eulogy at his funeral.

“According to the investigation, it appears Joe made missteps that led to heartbreaking consequences,” said Knight in a written statement on Thursday. “I missed that Joe missed it, and I am extremely saddened on this day. My love for Joe and his family remains.”

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