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GOOD KNIGHT! NIKE CEO'S EARNINGS JUMP TO $2.8M IN FY '97

          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). 

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