Dick's Sporting Goods Case Study

Dick Stack, being only eighteen years old, was the founder of DICK’S Sporting Goods in 1948. Dick was an employee at an Army surplus store in Birmingham, New York. He was a devoted fisherman, and the owner of the store Dick worked at asked him to come up with a list of products to get into the fishing tackle business. Dick gave him his list that he came up with, not expecting this output. The store owner told Dick that he was dumb and did not know what he was doing. Dick then quit the store, and went and told his grandmother what had happened. Dick’s grandmother gave him three-hundred dollars to open up his own bait-and-tackle shop. In 1958, he expanded his product line to include much of what you will find at Dick’s Sporting Goods today. The current CEO and Chairman of Dick’s Sporting Goods is Dick’s son, Ed Stack. Dick’s children bought the store from him and are responsible for making Dick’s Sporting Goods a growing industry. Dick’s family has a real passion for sports. Hence the name, Dick’s Sporting Goods sells a full-line of sporting good retails. They offer a broad assortment of many different name brands sporting goods equipment, apparel, and footwear (DICKS, 2016).
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Stockholders play a huge role in this organization’s ability to produce and sell the items they prefer. The stock price averages around sixty one dollars and at the lowest selling stock was around thirty three dollars. Dick’s Sporting Goods wants to make sure that they are reliable to their stockholders, so they put all of their information online to make sure all guidelines are met to make stockholders happy with their purchase. Corporate governance guidelines are published by the board of directors to make sure all business decisions and actions are withheld in the correct and proper way. As a board, they agree to the size of the group, which is no less than five, but no more than twelve members (Governance Overview,