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Encyclopedia > Phil Knight
Phil Knight
Born February 24, 1938(1938-02-24)
Portland, Oregon, U.S.
Occupation Co-founder and Former CEO of Nike, Inc.
Net worth US$10.4 billion (2008)[1]
Spouse Penny Knight
Children Three
Website Nike Corporation

Philip H. Knight (born February 24, 1938 in Portland, Oregon) is an American billionaire and the co-founder and former CEO of Nike, Inc.. Knight is known for his monetary support of the University of Oregon, where he received his bachelor's degree in accounting in 1959. Knight received his MBA from Stanford Graduate School of Business in 1962. In 2006, Phil Knight donated $105 million to Stanford GSB - at the time by far the largest donation to a business school in history. Knight also provided monetary support to Cleveland High School (Portland, Oregon), the high school that he attended, for their new track, football field, and gymnasium. Nike, Inc. ... For the UK magazine, see Guitarist (magazine). ... Shihad is an alternative rock and post heavy metal band (with elements of Industrial Rock) originally from Wellington, New Zealand, where they formed in 1988. ... Philip Roydon Knight (born in Wellington, New Zealand) is a member of the New Zealand band Shihad. ... If you hold the copyright to an image (e. ... is the 55th day of the year in the Gregorian calendar. ... Year 1938 (MCMXXXVIII) was a common year starting on Saturday (link will display the full calendar) of the Gregorian calendar. ... Nickname: Location of Portland in Multnomah County and the state of Oregon Coordinates: , Country State Counties Multnomah County Incorporated February 8, 1851 Government  - Mayor Tom Potter[1]  - Commissioners Sam Adams Randy Leonard Dan Saltzman Erik Sten  - Auditor Gary Blackmer Area  - City 376. ... This article is about the U.S. state. ... For other uses of terms redirecting here, see US (disambiguation), USA (disambiguation), and United States (disambiguation) Motto In God We Trust(since 1956) (From Many, One; Latin, traditional) Anthem The Star-Spangled Banner Capital Washington, D.C. Largest city New York City National language English (de facto)1 Demonym American... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Nike, Inc. ... is the 55th day of the year in the Gregorian calendar. ... Year 1938 (MCMXXXVIII) was a common year starting on Saturday (link will display the full calendar) of the Gregorian calendar. ... Nickname: Location of Portland in Multnomah County and the state of Oregon Coordinates: , Country State Counties Multnomah County Incorporated February 8, 1851 Government  - Mayor Tom Potter[1]  - Commissioners Sam Adams Randy Leonard Dan Saltzman Erik Sten  - Auditor Gary Blackmer Area  - City 376. ... A billionaire is a person who has a net worth of at least one billion units of currency, such as United States Dollars (USD), Pounds or Euros. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Nike, Inc. ... The University of Oregon is a public university located in Eugene, Oregon. ... A bachelors degree is usually an undergraduate academic degree awarded for a course or major that generally lasts for three, four, or in some cases and countries, five or six years. ... Master of Business Administration (MBA) is a tertiary degree in business management. ... Stanford GSB The Stanford Graduate School of Business (also known as Stanford Business School or Stanford GSB) is one of the professional schools of Stanford University, in Stanford, California. ... A business school is a university-level institution that confers degrees in Business Administration. ... Cleveland High School is a high school in Portland, Oregon. ...


While at the University of Oregon, Knight ran for legendary coach Bill Bowerman. Knight was a letter winner in 1957, 1958, and 1959. The University of Oregon is a public university located in Eugene, Oregon. ... William J. Bowerman (b. ...


Knight's 35% stake in Nike gives him an estimated net worth of US$10.4 billion, making him the 69th richest American.[2] 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 in turn replaced by Mark Parker in 2006. The United States dollar is the official currency of the United States. ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... is the 362nd day of the year (363rd in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... William D. Perez succeeded William Wrigley, Jr. ... S. C. Johnson & Son, Inc. ... The third Nike CEO, after William Perez resigned citing differences with his predecessor as CEO, Phil Knight. ...

Contents

Biography

Entrepreneurial beginnings

Philip Knight was a track runner at the University of Oregon. Knight's track coach at the U of O was Bill Bowerman. Bowerman had been experimenting with new shoe designs using his wife's waffle iron. In those days running shoes were low quality by today's comparison, with many being made by tire companies and costing as little as $5. Knight, not being the best on the team, often found himself experimenting with Bowerman's latest shoes. Bowerman and Knight worked together to continue to develop the ideas that would become Nike shoes.


Right after graduation Knight enlisted in the Army for a year, and then enrolled at Stanford Graduate School of Business. Stanford GSB The Stanford Graduate School of Business (also known as Stanford Business School or Stanford GSB) is one of the professional schools of Stanford University, in Stanford, California. ...


In Frank Shallenberger's small business class Knight discovered a love affair with something besides sports - he discovered he was an entrepreneur. Knight recalls in a Stanford Magazine article[3]: "That class was an 'aha!' moment" ... "First, Shallenberger defined the type of person who was an entrepreneur--and I realized he was talking to me. I remember after writing that paper, saying to myself: 'This is really what I would like to do.' " In this class Knight needed to create a business plan. His paper, "Can Japanese Sports Shoes Do to German Sports Shoes What Japanese Cameras Did to German Cameras?", essentially was the premise to his foray into selling running shoes.


After getting a 'real job' as his father suggested, Knight decided to make a trip to Japan to refine his ideas, and help quench his high interest in all things Asian. It was here that he visited an Onitsuka plant, which was making Adidas running shoe knock-offs. So impressed with quality and low cost, he decided to cut a distribution deal in the U.S. with them before leaving. This article is about the company. ...


Nike's origin

Knight's first sales were made out of a now legendary green Plymouth Valiant at track meets across the Pacific Northwest. These early sales finally allowed Knight to break away from his accountant day job by 1971. The Plymouth Valiant was an automobile manufactured by the Plymouth division of Chrysler Corporation in the United States from 1960 to 1976. ... The Pacific Northwest from space The Pacific Northwest, abbreviated PNW, or PacNW is a region in the northwest of North America. ...


It was actually Jeff Johnson, a friend of Knight's who suggested the name Nike and luckily, Johnson's opinion prevailed. Nike is named after the Greek winged goddess of victory. Nike's logo, now considered one of the world's most powerful logos with goodwill worth tens of millions on the balance sheet, was commissioned for a mere $35 from Carolyn Davidson. According to Nike's website Knight stated "I don't love it, but it will grow on me." However, some time later in 1983 (Nike went public in 1980), Davidson was given an undisclosed amount of stock from Knight and Nike for contribution to the company. This article discusses the Greek Goddess. ... Carolyn Davidson created the famous Nike swoosh as a Portland State University graphic design student for $35 in 1971. ...


Labor issues

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. Michael Francis Moore (born April 23, 1954) is an American political-activist, a film director, author, social commentator, and political humorist. ... References Downsize This!, Michael Moore, Perennial, ISBN 0330419153 Categories: Literature stubs | 1996 books | Politics books | Business books ... A sweatshop is a factory where workers make products in very poor working conditions. ... The Big One is a movie filmed in 1996 -- and released in 1998 by Miramax Films -- by Michael Moore during his promotion tour around the United States for his book Downsize This!. Through the 47 towns he visits, Moore discovers and describes American economic failings and the fear of unemployment...


Knight 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.


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. Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ...


Athletics

In 2000, he was inducted into the Oregon Sports Hall of Fame for his Special Contribution to Sports in Oregon. The Oregon Sports Hall of Fame honors Oregon athletes, teams, coaches, and others who have made a a significant contribution to sports in Oregon. ...


On August 18, 2007, Knight announced that he and his wife, Penny, would be donating $100 million dollars to the University of Oregon Athletics Legacy Fund.[1] This donation is reportedly the largest in the University's history.


References

  1. ^ Phil Knight page on Forbes.com
  2. ^ The 400 Richest Americans. Retrieved on 2008-01-18.
  3. ^ The Force Behind the Nike Empire. Retrieved on 2008-01-18.

2008 (MMVIII) will be a leap year starting on Tuesday of the Anno Domini (common) era, in accordance with the Gregorian calendar. ... is the 18th day of the year in the Gregorian calendar. ... 2008 (MMVIII) will be a leap year starting on Tuesday of the Anno Domini (common) era, in accordance with the Gregorian calendar. ... is the 18th day of the year in the Gregorian calendar. ... Image File history File links Question_book-3. ...

External links

The Seattle Times is the leading daily newspaper in Seattle, Washington, United States. ... Entrepreneur Magazine is a publication that carries news stories about entrepreneurialism, small business management, and business opportunities. ... Nike, Inc. ... For other uses, see Corporation (disambiguation). ... Chairman of the Board redirects here. ... Jill Ker Conway (born 9 September 1934) is an Australian-American author, best known for her autobiographies, in particular her first memoirs The Road from Coorain. ... Timothy D. Cook. ... The third Nike CEO, after William Perez resigned citing differences with his predecessor as CEO, Phil Knight. ... Orin C. Smith was President and Chief Executive Officer of Starbucks Corporation from 2000 to 2005. ... For other persons named John Thompson, see John Thompson (disambiguation). ... Air Jordan I Air Jordan, known colloquially Air Jordans, Jordans, Js or AJs, Mikes, or MJs are a brand of shoes produced by Nike, Inc which was designed for and endorsed by legendary professional basketball player, Michael Jordan. ... The Air Melo Line of shoes is made by Nike, under the Air Jordan brand. ... Bauer is one of the leading manufacturers of hockey equipment, fitness and recreational skates. ... Cole Haan began in Chicago in 1928. ... For other uses, see Converse (disambiguation). ... Hurley International, a youth clothing company located in Costa Mesa, California founded by the Hurley Family in Williamsburg, Virginia. ... The Air Max IV/Air Max 91; nowadays known as the Air Max BW, is the biggest selling Air Max shoe of all time Two pairs of Air Max, 2003, 2006 Nike Air Max is a shoe by the company Nike that was introduced in 1987 as the first example... Nike Considered is a sustainable line of shoes introduced by Nike, Inc. ... This article does not cite any references or sources. ... The Nike SB logo, back in its earliest days its products still carried the skateboarding products created by Nike, Inc. ... Swoosh is the symbol of the athletic shoe and clothing manufacturer Nike. ... Nike Total 90 Shift FG Nike Total 90 is a brand of Nike with a range of apparel and sports equipment specifically designed to be used for Football (soccer). ... USD redirects here. ... A fiscal year (or financial year or accounting reference date) is a 12-month period used for calculating annual (yearly) financial statements in businesses and other organizations. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ...

  Results from FactBites:
 
Phil Knight - Wikipedia, the free encyclopedia (253 words)
Philip H. Knight (born February 24, 1938) is the co-founder and former CEO of Nike, Inc. and the majority shareholder in Will Vinton Studios, which was renamed Laika Entertainment House in 2005.
Knight is also known for his monetary support of the University of Oregon, where he received his bachelor's degree in accounting in 1959.
Knight stepped down as the company's CEO and President on December 28, 2004, while retaining the position of chairman of the board.
  More results at FactBites »

 
 

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