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Polls are appearing everywhere over whether Pennsylvania State University should remove the statue of Joe Paterno outside the football stadium. And many people who once revered the late coach are agonizing over the independent report released today that faults Paterno (and other Penn State officials) for not doing more to protect the victims of Jerry Sandusky.

But for Nike, the time for polling is over. When the scandal broke in November, Nike officials said that they had no plans to remove the Paterno name from the company's child care center.

As of today, the company is taking a different stand. Mark Parker, president and CEO of Nike, released this statement: "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 child care center at our world headquarters. My thoughts are with the victims and the Penn State community."

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