From the ground up

Last year we reported that Chief Executive Officer of Nike, Inc., Mark Parker, raked in a cool $47.6 million USD during 2015. Now, however, his pay has fallen to $13.9 million USD for the last year.

This in turn includes $5 million USD in stock and options, as well as incentive pay of $6.3 million USD and a salary of $1.6 million USD, on top of $112,907 USD worth of personal travel in company aircraft.

Parker’s 2015 compensation was so high predominantly due to a $33.5 million USD stock grant.

In moving forward, however, the Nike CEO is looking to grow the company’s revenue to $50 billion USD by the end of 2020, that in comparison to $30.6 billion USD in 2014.

This news also arrives as Nike is expected to begin selling product directly on Amazon, with hopes of “elevating the way the brand is presented and increasing the quality of product storytelling.”

  • Source: WWD
  • Main & Featured Image: Nike

Not NYC, not LA.

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