This website collects cookies to deliver better user experience, you agree to the Privacy Policy.
Accept
Sign In
The Texas Reporter
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Nike welcomes boomerang CEO with $27 million payday
Share
The Texas ReporterThe Texas Reporter
Font ResizerAa
Search
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© The Texas Reporter. All Rights Reserved.
The Texas Reporter > Blog > Business > Nike welcomes boomerang CEO with $27 million payday
Business

Nike welcomes boomerang CEO with $27 million payday

Editorial Board
Editorial Board Published September 19, 2024
Share
SHARE

Nike on Thursday introduced it could exchange CEO John Donahoe along with his former colleague, Elliott Hill. 

Hill, 60, is returning to Nike 4 years after retiring from the sneaker big. In line with the corporate, Hill spent a long time in management positions in Europe and North America, serving as president of its client and market enterprise items and main business and advertising operations for the Nike and Jordan manufacturers. 

To welcome him again into the fold, Nike provided Hill a complete compensation package deal valued at $27 million. That features fairness and money awards valued at $7 million to make him complete for compensation he’s abandoning to reunite with Nike, and a complete doable money and inventory awards valued at $20 million. His money bonus, and a long-term fairness incentive award valued at $15.5 million, are tied to efficiency metrics. 

“Personally, I have worked with Elliott for more than 30 years and I look forward to supporting him and his senior management team as they seize the opportunities ahead,” Nike govt chairman Mark Parker mentioned in an announcement. Parker mentioned Hill’s return was a part of a “thoughtful succession process” and Hill landed the gig as a result of his world experience, management model, and fervour for sports activities and athletes. 

John Donahoe, who has led Nike since 2020, will keep on till he steps down on Oct. 14. Donahoe will stick round as a full-time non-executive worker of the corporate till his Jan. 31, 2025 retirement date. His excellent fairness will vest throughout that point. Donahoe’s complete compensation final 12 months was valued at $29 million, based on Nike. He joined Nike as a board member in 2014 earlier than being tapped as president and CEO in 2020. 

His efficiency main the shoe big has been combined. In the latest quarter, revenues have been down 2% and the corporate projected gross sales declines for fiscal 2025. In June, the corporate’s market cap shed $24 billion. 

TAGGED:boomerangCEOmillionNikepaydaywelcomes
Share This Article
Twitter Email Copy Link Print
Previous Article Decide permits Texas State Honest’s gun ban to face for now
Next Article The Secret Lives of Mormon Wives: Jen Affleck Defends Husband in Wake of Ugly Assault

Editor's Pick

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

We might obtain a portion of gross sales if you buy a product by a hyperlink on this article. Most…

By Editorial Board 8 Min Read
Alpine’s Sizzling Hatch EV Has a Constructed-In, ‘Gran Turismo’ Model Driving Teacher

One other win over its Renault 5 sibling is a multi-link rear…

3 Min Read
Louis Vuitton Is Dropping a New Perfume As a result of It’s Sizzling | FashionBeans

We independently consider all beneficial services and products. Any services or products…

2 Min Read

Latest

Components of Alabama face warmth advisory warnings right this moment as warmth index hits 108 levels

Components of Alabama face warmth advisory warnings right this moment as warmth index hits 108 levels

The Nationwide Climate Service says one other scorching and humid…

June 23, 2025

Main AI fashions present as much as 96% blackmail charge when their objectives or existence is threatened, an Anthropic examine says

Most main AI fashions flip to…

June 23, 2025

Distributional Affect of H.R. 1 – Offended Bear

A fast run-down on Trump and…

June 23, 2025

Rewriting the Guidelines of Being Single (and Loving Each Peaceable Second)

When my boyfriend moved out, the…

June 23, 2025

As Trump floats regime change to ‘Make Iran Great Again’, Deutsche Financial institution warns Europe has drawn the brief straw in escalating battle

The president had been publicly ambiguous…

June 23, 2025

You Might Also Like

Transfer over, Magnificent 7: Goldman Sachs proposes the ‘Promenade 10,’ China’s prime shares together with Tencent, Alibaba and BYD
Business

Transfer over, Magnificent 7: Goldman Sachs proposes the ‘Promenade 10,’ China’s prime shares together with Tencent, Alibaba and BYD

Buyers are flocking to Chinese language markets in a seek for alternate options to U.S. equities. DeepSeek’s AI breakthrough earlier…

5 Min Read
Contained in the rise of Alexandr Wang and Meta’s  billion guess that the MIT dropout will assist deliver AI supremacy
Business

Contained in the rise of Alexandr Wang and Meta’s $14 billion guess that the MIT dropout will assist deliver AI supremacy

As their heads have been measured and fitted for custom-made, felt cowboy hats, the 100 or so friends assembled in…

27 Min Read
U.S. assaults on Iran resemble a ‘TikTok-style struggle’ and could also be peak navy involvement, geopolitical professional says
Business

U.S. assaults on Iran resemble a ‘TikTok-style struggle’ and could also be peak navy involvement, geopolitical professional says

The U.S. airstrikes on Iran’s prime nuclear amenities usually are not the beginning of a chronic marketing campaign, in accordance…

4 Min Read
Trump is open to regime change in Iran, after his administration stated that wasn’t the aim
Business

Trump is open to regime change in Iran, after his administration stated that wasn’t the aim

President Donald Trump on Sunday referred to as into query the way forward for Iran’s ruling theocracy after a shock assault on…

12 Min Read
The Texas Reporter

About Us

Welcome to The Texas Reporter, a newspaper based in Houston, Texas that covers a wide range of topics for our readers. At The Texas Reporter, we are dedicated to providing our readers with the latest news and information from around the world, with a focus on issues that are important to the people of Texas.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© The Texas Reporter. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?