SBD/July 23, 2012/People and Pop Culture

Nike Paid CEO Mark Parker $35.2M Last Year, Including $20M Stock Award

Mark Parker's compensation as of May 31 was 200% higher than FY '11
Nike President & CEO MARK PARKER's compensation "totaled $35.2 million for the year ending May 31 and was more than 200 percent higher than his $11 million compensation" in FY '11, according to a regulatory filing cited by Allan Brettman of the Portland OREGONIAN. Parker's compensation "includes salary, stock awards and other payments." On May 18, the Nike BOD "granted Parker a $20 million 'restricted stock unit retention award,' intended to keep him at the company for at least another five years when he can get hold of that $20 million." The regulatory filing also included total compensation for other Nike execs, including Nike Brand President CHARLIE DENSON ($10.8M, +40% over previous year), VP & CFO DONALD BLAIR ($4.34M, +33%), President of Global Operations GARY DESTEFANO ($4.7M, +30%) and VP/Merchandising & Product ERIC SPRUNK ($4.44M, +37%) (OREGONLIVE.com, 7/20). Brettman in a separate piece noted Nike on Friday recommended that its shareholders "vote against a proposal that would force the company to issue a semi-annual report detailing its political contributions" (OREGONLIVE.com, 7/20).
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