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Phil Knight
 

Phil Knight

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    Phil Knight Phil Knight Presentation Transcript

    • Phil Knight By Ayanda Ntombela
    • Knight’s Background  Born in Oregon  Graduate of University of Oregon  Ran track for four years  Went to Stanford grad. School of business
    • The Start  Distribution deal in Kobe, Japan for Tiger running shoes after college  Teamed up with former track coach Bill Bowerman to create Blue Ribbon Sports (1964)  Sold sneakers out of mini van at track meets  Made $3,240 in its first year
    • Nike Accomplishments  Blue Ribbon Sports became Nike Corp.(1996)  Hit $6.5 billion (with a $550 million in income)  One of the biggest shoe/clothing companies in the world
    • Small Downfall  Knight was named a corporate crook in Michael Moore’s book Down Size This  The book exploited the harsh labor in the Nike sweatshops in Indonesia  Knight made sure there were better regulations in this factories.
    • Nike Endorsements  Michael Jordan : Biggest endorsement  Tiger Woods (Golf)  Kobe Bryant (Basketball)  Derrick Jeter (Baseball)  Michael Vick (Football)
    • Retirement  Knight retired as Nike’s CEO in November 2004  He retained his position as chairman of the board  Only owns 20% of company now  Knight became Forbes 24th richest American in 2009