Phil Knight
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- This article is about Nike Founder Phil Knight. See Phil Knight (musician) for information on the guitarist for New Zealand band Shihad.
Knight's 35% stake in Nike, Inc., has a recent net worth of $7.4 billion (US), which makes him the 22nd richest American.
Knight stepped down as the company's CEO and President on December 28, 2004, while retaining the position of chairman of the board. He was replaced by William Perez, former CEO of S.C. Johnson & Son, Inc., who was later replaced by Mark Parker in 2006.
Knight was named a "Corporate Crook" in Michael Moore's book Downsize This! in 1997. The book cited the harsh conditions in Indonesian sweatshops, where pregnant women and girls as young as fourteen years old sewed shoes for factories that the company contracted to make its products. Moore went to Knight in the hopes of convincing him to fix this problem. That interview can be seen in Moore's film The Big One - of the nearly 20 CEOs that Moore tried to interview for his movie, only Knight agreed to speak with Moore.
Knight also informed Moore that Nike does not own any of the factories that make its products. Knight told Moore if he was willing to invest in and build a factory in the US that could match the quality and price of footwear made overseas, Nike would consider buying shoes from him. To date, Knight has yet to build such a factory.
Knight pledged in 1998 to impose more stringent standards for the factories that Nike hires to make its goods, including minimum age standards, factory monitoring and greater external access to Nike's practices.
See also
External links
| Nike, Inc. |
| Corporate Directors: John G. Connors | Jill Conway | Alan Graf | Douglas Houser | Jeanne Jackson | Phil Knight | Orin Smith | John Thompson |
| Assets & Products: Air Jordan | Bauer | Cole Haan | Converse | Exeter Brands Group | Hurley International | Nike Air Max | Nike Free | Nike Golf | Swoosh | Team Starter |
| Annual Revenue: .7 billion USD ( 12% FY 2004) | Employees: 26,500 | Stock Symbol: NYSE: [NKE] | Website: [www.nike.com] |
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