Nike CEO Phil Knight earned $2.81M for the company's FY
ending in May, according to a BLOOMBERG BUSINESS report in
the OAKLAND TRIBUNE. That salary is up 11% from the $2.54M
he received the previous year. In a SEC report, Nike said
that it paid Knight $1.03M in salary and awarded a $1.08M
bonus. He also earned $696,188 via employee savings and
profit sharing plans. The filing also said Nike's Exec
Compensation Committee had increased Knight's salary for the
current FY to nearly $1.12M. The company has also approved
a new long-term employee incentive plan that "allows the
company to move away from its traditional use of stock
options as compensation incentives" (OAKLAND TRIBUNE, 8/17).
SHOE NEWS: PGA Tour veteran Vijay Singh commented in
Sunday's N.Y. TIMES on Nike's ads featuring Tiger Woods that
"played up his black roots" and noted golf courses where he
would not be allowed to play. Singh: "He doesn't need to do
that; he's the best thing that's happened to golf in the
last five years. Let's leave it at golf, not color"
(William Rhoden, N.Y. TIMES, 8/16)....A BLOOMBERG NEWS
report profiled Fila under the header: "Fila Tries To Put
Spring Back In Its Step: No. 3 Sneaker Is Short On City
Courts -- And On the Market" (CHICAGO TRIBUNE, 8/17).