Phil Knight Addresses Recent Workplace Misconduct At Nike

Nike co-Founder & Chair Emeritus PHIL KNIGHT appeared on "CBS This Morning" and addressed recent allegations of sexual harassment at the company. Knight said, "A certain number of managers were bullying employees. It was a shock to me, personally, and to a lot of the upper management, and it's disappointing. ... I am proud of the company, the way it responded to the problems that it saw. It's basically cleaning house for those people." Knight said the company hoped to reach $50B in revenue by '20, but "we're now saying '22" to reach that goal. Knight: "We've got a lot of people doing a lot of work" ("CBS This Morning," 5/10).