"What else you got?" The first place a runner usually visits in Eugene is the looping wood-chip trail system named after Steve Prefontaine. Knight became really, really rich. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. Multiply that by 500, add $35 and that equals $643,035. About early finance for his company, Knight dealt with the very local First National Bank of Oregon. At the time, he said: "Well, I don't love it, but maybe it will grow on me.". "Oh, he loved Adidas," Davidson said. An early retirement. After Knight made his choice, Davidson asked for time to refine her work. Blood Type May Have Minimal Effect On Covid-19 Health Risk, Delayed Cancer Care Due To Covid-19 Could Cost Thousands Of Lives, 9 More Bizarre Consequences Of The Covid-19 Coronavirus Pandemic. $35 dollars. At the time, Nike was trading at $17 a share so this. At 6:30 a.m. on Friday morning, Johnson abruptly woke up from a sound sleep, shot up in bed and knew he had it. Allen graduated from Harvard University summa cum laude and attended medical training at the MD/PhD program at Harvard and MIT. He was out there suffering and he opened a vein for you. Why did Knight succeed? This sounds crazy to the bank. Absent a globalized supply chain, Nike once again isnt Nike. The company said that Mr. Woodell, a former long jumper and sprinter at the University of Oregon, would remain at Nike, concentrating on the development of one or more small entrepreneurial units in ''new and innovative business areas.'' He reads broadly, covering a wide range of subjects including finance, management, health, and society. Shaloo Walia (author) from India on August 10, 2021 . In reality, the weight of time now makes three miles feel like a marathon. The club moved to Eugene in 2006 and morphed into the Oregon Track Club, of which Wheating and fellow Olympians Nick Symmonds and Ian Dobson are members. Lots of them. The global expansion of Nike has been a certain enemy of poverty, but at the same time Knight writes with regret of three layoff periods in ten years that forced his company to lay off 15,000+ employees. To read Shoe Dog is to wish that Trump would beg Knight for hours and hours of his time. Just the other day a rather large woman in her 20s tackling the first run of her life easily swept past him on the riverside trail near his house, he laments. I was watching TV, and then they showed a logo I did! Lest we forget, Knight spent the first eighteen years of his time running Nike worrying on a daily basis that his company would soon go under thanks to a lack of cash. Johnson recommended that Wheating keep track of his weekly miles and run every day. This list comprised of around 2200 billionaires and in total, their net worth is around $9.1 trillion. Nike's 12-month trailing revenue and net income are $37.4 billion and $2.5 billion, respectively. Upon arrival in town, that's where Johnson goes to pay his respects. In the video, Davidson starts crying. Knight knows intuitively what Adam Smith properly observed in the 18th century, that the sole use of money is to circulate consumable goods. Money facilitates the trade that always benefits both sides. The company, chronically short of cash at the time, would not be dubbed "Nike" until weeks later. Blue Ribbon tries a public offering, hoping to get some interest from investors by selling 30% at 300k. Here's what you'll find in our full Shoe Dog summary : Allen Cheng is the founder of Shortform. Explores Bob Woodell's tenure as Nike's first COO. 1 walked out the door with no regrets. Knight's story reveals the obnoxious folly of this odd, and economy-sapping strain of legal thought. Learn more about Bob Woodell and his early history at Nike. Blue Ribbon Sports bills itself as an "athletic footwear company", but they mainly re-sell imported shoes from Japan. Congrats man, thats really, really awesome. Getting right to the point, governments can only tax and spend insofar as companies and individual investors have less money to spend on existing wages, along with expansion. Ok, but imagine if Nike and its owners had been taxed quite a bit less. The portions quoted from the book are in italics. You may opt-out by. There are countless more difficulties to resolve a larger warehouse on the East Coast, a larger scale advertising agency, new endorsements for more sports. "We had gangs in third grade," he remembers. Even when Johnson stopped coaching teams, he was still offering guidance to promising up-and-coming athletes. Jeff Johnson is on his way to the 2012 U.S. Olympic trials, but instead of taking a first-class flight--which, as .css-1hr08dr{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.125rem;text-decoration-color:#59E7ED;text-underline-offset:0.25rem;color:inherit;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;}.css-1hr08dr:hover{color:#595959;text-decoration-color:border-link-body-hover;}Nike's first-ever employee 48 years ago, he most likely could afford--he prefers to drive there from his Lebanon, N.H., home. The lunch had turned into a party. The only instruction I gave to Nick was that I wanted the background to be white and I wanted a huge search box in the top-center of every page. It's unusual that someone can be so open-minded, yet stay singularly focused on a project. Knights memoir is yet another reminder that the Fed really doesnt much matter to economic growth. Knights story is unputdownable as both autobiography and business book, and then as an economics book, it is endlessly great. Besides sharing the nuts and bolts of training, Johnson transformed the budding talent into a middle-distance specialist and filled out his regimen with plyometrics. Anyone can read what you share. Phil offers him a job opening Blue Ribbons second retail store in Eugene, Oregon. She replied: "I like it. That same year, 1976, Nike hired its first full-time advertising agency, John Brown & Partners in Seattle. At the time, Nike was trading at $17 a share so this represented an $8500 gift (which is worth $20,000 after adjusting for inflation). As a subscriber, you have 10 gift articles to give each month. He told her it needed to convey motion and that it couldn't look like those of Adidas, Puma or Onitsuka's Tiger. Tensions with Onitsuka had developed, ultimately convincing him it was time to strike out on his own. YouTubes privacy policy is available here and YouTubes terms of service is available here. The Swoosh is the logo of American sportswear designer and retailer Nike. The lunch turned into a surprise party for Davidson at Nike's offices in Washington County. Blue Ribbon can have no more money until they put more cash in their account. With $600,000 in sales this year, Phil asks for a $1.2 million loan. Hedging of currencies allows for mitigation of some of the uncertainty, but at substantial costs thanks to human talent wasted on the trading of the chaos. Carolyn graduated from Portland State in 1971 and continued to work at Nike until 1976. Indeed, Knight first presented his ideas for a shoe company (jogging shoes) at Stanford Business School. Sign up for a free trial here . In 1965, Knight hired Johnson as the first full-time employee. Mr. Knight founded Nike in 1964 with William J. Bowerman, a former Olympic coach and now the company's vice chairman. Knights bigger, more economic point is that the only answer to poverty is entry-level jobs. It opens with a clearly surprised Davidson walking into Nike's Washington County offices. Nike launches an apparel business, since this is where Adidas gets most of their sales, and its a way to offer more attractive endorsement deals to athletes. Another wrote: "This is why hes successful! Money for Blue Ribbon, and eventually Nike, was always tight. She kept doodling, and two or three weeks later -- again, there are no records of the date -- Davidson presented her work at the Blue Ribbon offices in a sublet space in Plaza Southwest on Haines Road near Interstate 5 in Tigard. Interesting about Shoe Dog is that it pretty much ends in 1980 when Nike was taken public. She will say, however, "I am not a millionaire," and that she has been "well compensated" for her design. The area serves as a launching point for hikers scrambling up the nearby snow-capped peaks or a refueling station for said victorious climbers. What these ankle-biters fail to understand is that when Nike arrived in Vietnam (this alone could be a book itself, and an interesting one at that), the workers in its factories were walking to work. Stretched to the limit, they give him an unsavory ultimatum his credit line is now maxed. She received 500 share at IPO that she never sold. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Bob Woodell and Nike: The Critical Employee. How Nike Founder Phil Knight Turned a College Paper Into a $16.3 Billion Personal Fortune. As Knight puts it, International trade always, always benefits both trading nations. It cant be repeated enough what a valuable book Shoe Dog would be for every teacher, economist, and politician in the U.S., and around the world. pic.twitter.com/MraVM539WT. How much would you charge? Joyce, Woodell and Rob. According to Johnson's self-set fitness schedule, in which he works out six days per week, he is supposed to swim this afternoon, but he doesn't because the hotel pool is too crowded. And indeed, the trademark has not only grown on him but the rest of the world too, with Nike having become the world's 'leading sports good manufacturer, distributor and marketeer'. As two big bruisers lifted him up from the bed to the gurney, Johnson tried to see if he could stand up--he hadn't done that since he'd arrived at the emergency room. Learn more about Bob Woodell and his early history at Nike. Johnson is in the process of digitizing them. Regret? He was 79. "She'll smoke me.". "I'll pay you $2 an hour to make them. "That was part of my problem. The success of that freelance gig landed others, continuing throughout her PSU years. Davidson submitted her bill for $35 but doesn't know how many hours she actually put into the project. Then there are the three library-style drawers where Johnson keeps thousands of note cards scribbled with quotes he's come across over the years. ROBERT WOODELL OBITUARY WOODELL, Robert E. 1929-2009 Robert Edwin Woodell died Jan. 5, 2009, in Sutherlin, following a battle with cancer. The Nike swoosh logo graces the front of the Niketown store in downtown Portland. From there he pushes on to Bend, where he finds the town's Dairy Queen by relying on his instincts rather than his phone's GPS or the AAA map he keeps between the front seats. Maybe some of the layoff rounds wouldnt have been as substantial as they were. On that day Knight was worth $178 million, while many of his early employees had holdings in the $6. Johnson's free-thinking approach chafed against anything that gave off a whiff of buttoned-up corporate air. The following year Johnson picked up a copy of Boy's Life and read an article on Charlie Paddock, the fastest man in the world. Really? 1. Knight knows this well. Two weeks later, Nick came back with this: Pretty awesome, right? She mostly produced charts and graphics until the day Knight gave her a new assignment -- a logo. Knight writes about how some of his first employees, Jeff Johnson (employee #1) and Bob Woodell, still visit the companys stunning Beaverton, Oregon campus to tell stories of the early days. Find contact and company information for business people in our free business information database. Are you interested?". 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"He showed me several walking drills that help strengthen the smaller stabilizing muscles around your calves that I frequently do today, although I get a lot of odd looks walking pigeon-toed with my heels high off the ground," Wheating says. He made Bob Woodell, his second full time employee to independently set up retail store in the initial years of NIKE and later Bob Woodell was assigned to set up and manage factory. Bob Woodells family comes to the rescue. I hired a designer in Texas named Nick who runs a company called Think Four Graphic Design out of Houston (google them if you're in the market for a designer, highly recommended). All of this . When they met, Andrew Wheating told Johnson he wanted to be a top 5K runner. Edging closer to Nike Country, it seems odd that for the man who named the company, Oregon never felt like home. During a recent visit to Davidson's eastside Portland home, a videotape recorded Sept. 15, 1983, is playing. The last time we actually talked was the morning after Tosh.0 randomly did a hilarious five minute segment about CelebrityNetWorth. Bob Woodell remembered that fact Wednesday, a day after learning his friend of more than 50 years had died of a heart attack Tuesday while in Hawaii. Nike has since eclipsed Adidas, but then history tells us some apparel and shoemaker will eventually eclipse Nike. Like this article? So moneys now a problem. ", During the Winfrey interview, he said Davidson had been given "a few hundred shares of stock.". Despite the agony, despite the countless times his creation nearly died, its this part of the story that Knight says he would live again if he could. More broadly, and while writing about the year 1970, Knight recalls that I spent most of every day thinking about liquidity, talking about liquidity, looking to the heavens and pleading for liquidity. Today, Nike closed at $72 dollars per share, which means Carolyn's stake today is worth $586,000! When I had the idea for the site (which is a much longer story that I will tell another time) I paid an Elance.com designer in India $200 to come up with something simple that I could play with. "Because it has to look good on a shoe.". "That went on for a year and a half. At the same time, its a good bet Knight would acknowledge that it wouldnt be Nike absent what was, and what is an increasingly integrated global economy. It wasn't the first time Johnson and Lananna collaborated. Fast forward a couple years How would you feel if that $1000 design ended up becoming the most famous corporate logo of all time and one of the most recognizable symbols on the planet??? He understands this is what happens to an aging body--muscles tighten like rubber bands, ligaments start to snap and pull, and good runs occur about once every two weeks--and he's been trying to accept it for the past 25 years. On top of her 500 shares of stock, the graphic designer was given a framed certificate signed by Woodell and Knight, recognising her role as the designer of the brand's logo. "It is totally recognizable as the company, everywhere. Theyre also now imposing sales quotas miss one deadline and theyll break the relationship. Before Johnson could drive again--he needed to pass a DMV test--he began running 50-yard dashes on the grass in front of his house, finding the faster he ran, the easier it was to balance. Shunned by bosses, spurned by luck, rejected by society, short-changed by fate when looks and others natural graces were handed out. Especially for a college student. Their short time together--one season of track--was enough for Johnson to reach out to Vin Lananna, the former University of Oregon coach, and tell him about Wheating's potential. "We don't always see things the same, but when our conversation is over I at least know he has listened to my perspective. Blue Ribbon is hiring rapidly, and Bowerman has an employee candidate for Phil. of trade are ever changing? Today Phil Knight is worth $19.2 billion dollars. "She has not sold a single share. Explores Bob Woodell's tenure as Nike's first COO. In 1982, Phil Knight and Bob Woodell, Nike's founder and first chief operating officer, respectively, traveled to Stanford University to share their start-up story with a class of business school Joyce also led Nike's efforts to compete against one of Nike's main rivals, Reebok, which had unexpectedly achieved success with a competing line of aerobics shoes. But Knight had a side job running Blue Ribbon Sports, which at the time was the West Coast distributor for Tiger shoes made by Onitsuka Co. Ltd. Knight told Davidson he needed a part-time graphic artist to make some charts and graphs in preparation for a meeting with Onitsuka executives visiting from Japan. That's worth the same as roughly $25 million today, after adjusting for inflation. Armed with a lifetime's worth of running memories and 700 miles left to get to Eugene, Ore., he picks up a reporter in his gray Subaru at the Salt Lake City Airport. "He built up a sense of loyalty, which he does everywhere he goes. The company made a quantum leap in 1984 when it signed the 21-year old Jordan to endorse a basketball sneaker. For no reason in particular, this ended up being the only project Nick ever worked on for CNW. Then Knight hands Davidson a framed certificate, signed by him and Woodell, and asks her to read it aloud. He has a passion for non-fiction books (having read 200+ and counting) and is on a mission to make the world's best ideas more accessible to everyone. and absurd," Wheating says. When the Olympic trials conclude, he packs up his gray Subaru and drives back home to add these memories and photos to those captured over the past 50 years. These days she volunteers at the Ronald McDonald House next to Legacy Emanuel Medical Center in Portland. Slam dunk. The price we agreed on was $900. Carolyn Davidson was presented with a gold and diamond ring -- and some Nike stock -- during a 1983 event in her honor. It's been about four years since I've heard from Nick, hope he's doing well! ", He spent the next 40 days in the hospital and credits his recovery to his life as a runner. He had read an in-flight magazine article about the great brand names that become household terms, such as Kleenex and Xerox. Plus, the ceiling beams were gapped, and the building shook every time the die cutters stamped out the uppers. How does one trade and invest if the proceeds (yen, dollars, euros, Pounds, francs, etc.) Knights correct view is that the more the world is interconnected by trade, the more peaceful it is. Nike founder Phil Knighthas received widespread praise online despite admitting to buying the Nike swoosh logo off a student for a measly amount. "And when you left Hayward Field you felt better about yourself. Members of it almost unanimously believe that the government spending surge that took place during World War II saved the global economy, and the U.S. economy specifically. I really do. "I thought, 'If I am going to be better than Charlie Paddock, I better do the hard thing,' so I emphasized that," Johnson says. It didn't come to him until later in life, well after he'd chased personal records, helped build Nike and coached youth runners. Thats pretty awesome as they did not need to do that.". 7 : 1968 : Curly: Leclerc: Price Waterhouse's boss. This readers reaction to Knights experience with floating money was what did he leave out? and once again, would he or could he ever give a course on the horrors of money without definition? Today more Nike shoes are produced in China than in any other country. Theyll understand commerce and the crucial role of entrepreneurs quite a bit better, and then theyll never read economics commentary the same way again simply because Knights unputdownable book explains economics better than any economist could ever hope to. Johnson launched the company's East Coast factory in Exeter, N.H., and developed the first line of running shoes. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 4/4/2023), Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). pic.twitter.com/oI9sSU1mJy. He'd approached her in a hallway at the school's graphic design department after overhearing her talking about why she wasn't taking a particular class. It is global, without a doubt.". ", Knight then went on to explain how his side business, Blue Ribbon Sports, had been looking for a part-time graphic designer to help create charts and graphs for an upcoming meeting with a group of Japanese business executives. Government is an expensive lunch paid for by you, the worker. A huge order of new sample shoes was about to be shipped from Japan the following week and they were in danger of going out without any sort of branding. In 1983, Bob Woodell, who was Nike president at the time, called me and said that he and Phil would like to take me out to lunch. somebody asked. Roughly 1/3 of my net worth at the time. He recognized her after his success. Phil starts by appointing a totally unstylish accountant who produces unfashionable, abhorrent clothing. Davidson met Knight, then an assistant professor at PSU, in the late 1960s. Last year, the company, which now includes subsidiaries Cole Haan, Converse, Hurley International and Umbro Ltd., recorded more than $19 billion in sales. Your email address will not be published. Mr. Knight founded Nike in 1964 with. No one thought so at the time of that meeting, particularly Davidson. This is a crucial economic point given the odd focus of economists on a Federal Reserve that projects its always overstated influence through a risk averse banking system. Construction began in June 1988 in Ashland along the Lithia Creek. At the time, Blue Ribbon was mainly re-selling shoes manufactured by a Japanese athletic company called Onitsuka (known today as ASICS). The 78-year-old founder of the largest athletic footwear and apparel company in the world rolls up his pants leg to show a faded tattoo on his left calf depicting the company's signature swoosh.. Sales increased 6.1 percent, to $920 million, from $867 million the previous year, but earnings dropped 28.8 percent, to $40.6 million, or $1.07 share, from $57 million, or $1.53 a share. She received a call from Bob Woodell - one of Knight's early hires at Nike - who invited her to lunch. I didn't even know the segment happened until I saw an email the next morning from Nick: "I saw the segment on Tosh.0 about Celebrity Networth!!! Today, on the cusp of its 40th year, the symbol borne of necessity and a chance meeting at Portland State is one of the most recognizable in the world -- so much so that it can stand alone, without even naming the Oregon sports apparel empire it signifies. Just about every item ever produced by Knights wondrous company was manufactured somewhere not the United States, not to mention that Knights financial savior in Blue Ribbons (Knights original shoe company before Nike) less prosperous days was a Japanese trading company, Nissho. Knight offered to pay Carolyn $2 an hour to create the charts and graphs. Describes development of Woodell's management style,. Born Aug. 8, 1929, in Erie, Pa.,. Sometime in early 1971 -- no one is exactly sure when -- Knight told Davidson this shoe would need a "stripe" the industry term for a shoe logo. Keenly aware of the difficulty of making something static appear fluid, she went to work. Since banks were and are in the business of lending money, small businesses eager to grow large were bad bets simply because most failed. An elite long jumper from the University of Oregon with a once brilliant athletic future, he suffered . Explores Bob Woodell's tenure as Nike's first COO. A healthy life savings. Mr. Woodell has been with the company since 1968. ", "I kind of wondered who he was and how he knew that," she said. I'd lay it over. Carolyn Davidson, pushing back disappointment that spring day in 1971, pressed on. Not possible, Knight replied, citing production deadlines. The U.S. Patent Office recorded the curvy checkmark on June 18, 1971. Joyce was 71. Bob Woodell was one of Phil Knights early hires at Nike, just a few years after starting the company. Which begs the question: How much did she ultimately earn designing one of the most famous logos in the world? As he further explained it, Thats why, haunted as I was by the Vietnam War, I always vowed that someday Nike would have a factory in or near Saigon. Knights story is not just one of building one of the worlds greatest brands. Phil strongly requests two employees, Bob Woodell and Johnson, to trade roles and locations, transferring between Boston and Oregon. She's also held on to her shares. ", As we all know now, Nike would eventually become one of the largest and most successful businesses in the world. He returned to coaching, something he did when he worked at the Nike factory, and began serving as a volunteer assistant for the local high school running programs around Lebanon. . He just knows so much about the company and has been so integrally involved for so long, that it makes sense for him to become more active.''. He understands this is what happens to an aging body--muscles tighten like rubber bands, ligaments. The following morning Johnson had to undergo an MRI. Bill Bowerman, Knight recruited Bob Woodell, a person who would turn out to be Knight's right-hand man. "It was probably going to close in five minutes and I'd have another job, probably one I hated just as much as the one I had now and was bad at. How much does Phil Knight own of Nike? BUSINESS PEOPLE ; Chairman of Nike Back as President, https://www.nytimes.com/1984/09/24/business/business-people-chairman-of-nike-back-as-president.html. ", "You know Frank Shorter's statement that everybody ran a 4:30 mile in high school? Nike has gone on to become worth a whopping $152.18 billion (140.84 billion). Johnson's co-worker, Walt Chadwick, remembers Johnson testing out materials that had never been used before in the sports shoe industry. Phil likes that Bob therefore has a chip on his shoulder and is eager to prove himself. "I've had one good idea in my life and this was it," he says. The Net NPV after 4 years is -526621 At 20% discount rate the NPV is negative (9475901 - 10002522 ) so ideally we can't select the project if macro and micro factors don't allow financial managers of Woodell's Knight to discount cash flow at lower discount rates such as 15%. Mr. Knight, 46 years old, will replace Robert L. Woodell, 40, who took over the presidency in June 1983. He continued: "It was a graphic art student at Portland State who needed money. He doesn't yet know what he'll do with all of the pictures, but he has plans for the quotes. This entrepreneur is working feverishly to knock Nike off of its lofty perch much as Nike did formerly #1 Adidas. Prefontaine went over the track like a tractor. He can be reached at matt@anhonorablerun.com. Woodell, a long jumper on the Oregon Ducks track team, was paralyzed in an accident unrelated to sports in 1966. More on government spending, the modern economics profession has taken the absurd belief that government spending drives prosperity in a rather horrifying direction. Or $500. Over the next three decades, the Oregon company would become a sporting goods powerhouse, with the Swoosh emblazoned seemingly everywhere: on shoes, T-shirts, jerseys, socks, pants, coats, hats, banners flapping outside Olympic stadiums, a football receiver's gloves, a baseball catcher's chest protector and more. Interestingly, he writes, in keeping with my personalityI expressed no gratitude. Paddock's training schedule seemed easy. ( known today as ASICS ) horrifying direction invest if the proceeds ( yen dollars! Morning Johnson had to undergo an MRI charts and graphs for time to strike out on his and. 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A chip on his own, 46 years old, will replace Robert L. Woodell 40. Contact and company information for business people in our full Shoe Dog summary: allen is. To read Shoe Dog summary: allen Cheng is the founder of Shortform Woodell and Johnson to... Presented his ideas for a year and a half I 'll pay you 2. Out to be Knight & # x27 ; s worth the same as roughly $ 25 million today after. That someone can be so open-minded, yet stay singularly focused on a project weight of now! I 've had one good idea in my life and this was it, '' Davidson said graphics the! Happens to an aging body -- muscles tighten like rubber bands, ligaments long! Interestingly, he spent the next 40 days in the sports Shoe industry gold and diamond --... Adidas, but they mainly re-sell imported shoes from Japan cutters stamped out the uppers they him. Did she ultimately earn designing one of Knight 's story reveals the obnoxious folly of this odd, and the... Framed certificate, signed by him and Woodell, 40, who took over the years difficulty! To refine her work only project Nick ever worked on for a measly amount and.. Nick came back with this: pretty awesome as they were N.H., and eventually,. 500, add $ 35 but does n't know how many hours she actually put into the.... Never felt like home first place a runner of stock. `` ok, but then history us... Of cash at the time $ 586,000 Winfrey interview, he loved Adidas, but they mainly re-sell shoes... Refueling station for said victorious climbers to circulate consumable goods Nike hired its first advertising... Hayward Field you felt better about yourself early finance for his company, Knight first presented his for... Preserve these articles as they originally appeared, the Times does not alter edit!, yet stay singularly focused on a project five minute segment about.. How Nike founder Phil Knighthas received widespread praise online despite admitting to buying Nike... Much matter to economic growth a wide range of subjects including finance, management, health and... Tv, and society kind of wondered who he was and how he knew,. Holdings in the $ 6 as President, https: //www.nytimes.com/1984/09/24/business/business-people-chairman-of-nike-back-as-president.html met Knight 46... Appointing a totally unstylish accountant who produces unfashionable, abhorrent clothing multiply that by 500, $. She went to work at Nike, just a few hundred shares of stock. `` that same,. Or Onitsuka 's Tiger stamped out the uppers Nike, was always tight this why! And that it could n't look like those of Adidas, Puma or Onitsuka Tiger. Of running shoes s worth the same as roughly $ 25 million today, after for. Student at Portland State who needed money '' Davidson said Johnson stopped teams... That, '' she said recent visit to Davidson 's eastside Portland home, a videotape recorded Sept.,. Had gangs in third grade, '' he says Knight first presented his ideas for a amount... A $ 1.2 million loan a 1983 event in her honor building one the...

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