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Nike said in a regulatory filing that Hill's compensation as president and CEO will include an annual base salary of $1.5 million. He will take over as CEO on Oct. 14. Analysts cheered the move.
He joined Nike as a board member in 2014 before being tapped as president and CEO in 2020. His performance leading the shoe giant has been mixed. In the most recent quarter, revenues were down 2% ...
The compensation is typically a mixture of salary, bonuses, equity compensation (stock options, etc.), benefits, and perquisites. It has often had surprising amounts of deferred compensation and pension payments, and unique features such as executive loans (now banned), and post-retirement benefits, and guaranteed consulting fees. [24]
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
Fringe benefits are also often tax deductible for the employee. The level of STI relative to basic salary is typically a function of seniority eg. a junior executive may have an STI that is capped at 10% of basic salary whereas for a senior executive, it may rise to 50% or more.
As part of Nike’s three-year cost-saving plan to bring it back from slumping sales and compete with a new wave of sneaker brands, the shoe giant is in the process of laying off up to 2% of its ...
John Joseph Donahoe II (born April 30, 1960) [1] is an American businessman who was the CEO of Nike from January 2020 to October 2024. [2] Early in his career, he worked for Bain & Company, becoming the firm's president and CEO in 1999. [3] He is on the board of directors at Nike, [4] The Bridgespan Group [5] and is chairman of PayPal.
The 22-year-old basketball phenomenon reportedly signed a contract with Nike that will pay her $28 million over the next eight years. That breaks down to $3.5 million a year and will include her ...
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