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In 2017, Parker took a 71% pay cut due to a year of poor sales at Nike and the layoff of 1,000 employees. [17] Subsequently, his earnings were $13.9 million from stock and options. [18] In 2019, Parker was criticized by certain right wing media commentators for his embrace of Nike endorser Colin Kaepernick. [19]
Nike faces multiple headwinds, ... leading to its biggest-ever stock decline and a $24 billion drop in market cap. ... Nike is returning to the good old days when Mark Parker was the CEO,” he ...
A stronger stock price for Nike wouldn't hurt, either. Shares have fallen 20% between January 13, 2020 — when Donahoe joined as CEO — and September 19's market close, per Yahoo Finance data.
Nike Inc (NYSE: NKE) marked this week with news of longtime executive Elliott Hill’s triumphant return as the new CEO. Putting its global brand recognition aside, Nike has had its fair share of ...
Parker has served as Nike’s top executive since 2006. Nike's stock closed Tuesday's session at $95.60 per share and traded up about in the 1% after-hours session. See more from Benzinga
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Nike stock sank more than 6% on Wednesday after the company reported fiscal first quarter revenue that missed estimates and withdrew its outlook for the year amid a CEO transition. The shoe giant ...
Calling Hill’s homecoming part of a “thoughtful succession process,” Nike executive chairman Mark Parker said in a statement that he has worked with Hill for “more than 30 years.”