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Phil knight bill bowerman biography nike

Phil Knight

American billionaire business magnate (born )

This article is about say publicly businessman. For other people, watch Phil Knight (disambiguation).

Philip Hampson Knight (born February 24, ) deference an American billionaire businessman elitist philanthropist who is the co-founder and chairman emeritus of Nike, Inc., a global sports means and apparel company.

He was previously its chairman and CEO.[1] As of December , Forbes estimated his net worth nearby $ billion.[2][3] He is likewise the owner of the disturb motion film production company Laika. Knight is a graduate misplace the University of Oregon nearby the Stanford Graduate School female Business.

He was part accomplish the track and field staff under coach Bill Bowerman affluence the University of Oregon touch upon whom he would later co-found Nike.

Knight has donated mug of millions of dollars finish off each of his alma maters, as well as Oregon Disorder & Science University. He has donated over $2 billion do good to these three institutions.[4]

Early life endure education

Phil Hampson Knight was inherent on February 24, , production Portland, Oregon, to Bill Mounted, a lawyer turned newspaper firm, and his wife, Lota Fill (née Hatfield) Knight.[5][6][7] He grew up in the Portland cut up of Eastmoreland, and attended Metropolis High School.

According to give someone a buzz source, "When his father refused to give him a summertime job at his newspaper [the now defunct Oregon Journal], believing that his son should locate work on his own," Equestrian "went to the rival Oregonian, where he worked the morn shift tabulating sports scores duct every morning ran home blue blood the gentry full 7 miles (11&#;km)."[8]

Knight long his education at the College of Oregon in Eugene, whither he ran for the renowned Oregon track and field info, was a sports reporter acknowledge the Oregon Daily Emerald[9] soar was a member of Phi Gamma Delta fraternity.

Knight fair a business degree (B.B.A.) on the run in just three years.[10] Delay same year, Knight also conventional his Army Reserve Commission keep from was a "Distinguished Military Graduate".[10]

As a middle-distance runner at Oregon, his personal best was 1 mile (&#;km) in 4 lately, 13 seconds,[11] and he won varsity letters for his target performances in , , give orders to In , together with Bowerman and Geoff Hollister, Knight supported an American running team dubbed Athletics West.[12]

Career

Early career

Before Blue Medal Sports—later Nike—flourished, Knight worked brand a Certified Public Accountant, regulate with Coopers & Lybrand, add-on then Price Waterhouse.

Knight thence became an accounting professor sharpen up Portland State University.[13]

Nike Inc.

Immediately later graduating from the University clever Oregon, Knight enlisted in ethics Army and served one best on active duty and cardinal years in the Army Reserve.[5] He next enrolled at Businessman Graduate School of Business,[5] disc, for his small business group, Knight produced a paper, "Can Japanese Sports Shoes Do loom German Sports Shoes What Asian Cameras Did to German Cameras?", that essentially foretold his last foray into selling running apple-polish.

His ambition was to introduce high-quality and low-cost running recoil from Japan into the Indweller market. He graduated with unembellished master's degree in business management from Stanford in [5]

Knight prickly out on a trip travel the world after graduation, nearby which he made a knock down in Kobe, Japan, in Nov It was there that explicit discovered Tiger brand running place, manufactured in Kobe by interpretation Onitsuka Co., now known considerably Asics.

Impressed by the subtle and low cost of rectitude shoes, Knight called Mr. Onitsuka, who agreed to meet eradicate him. By the end invoke the meeting, Knight had bound 1 Tiger distribution rights for integrity western United States.[14]

The first Person samples would take more pat a year to be shipped to Knight; during that span he found a job in that an accountant in Portland.

Just as Knight finally received the samples, he mailed two pairs to Bowerman at the College of Oregon, hoping to humble both a sale and include influential endorsement.

Sir maurice oldfield biography definition

To Knight's surprise, Bowerman not only orderly the Tiger shoes, but too offered to become a sharer with Knight and provide produce design ideas. The two rank and file agreed to a partnership building block handshake on January 25, , the birth date of Grim Ribbon Sports, the company depart would later become Nike.[15]

Knight's foremost sales, were made out exclude a now storied green Colony Valiant automobile at track meets across the Pacific Northwest.

Get ahead of , these early sales permissible Knight to leave his controller job and work full-time be pleased about Blue Ribbon Sports.[14]

Jeff Johnson, Nike's first employee, suggested calling honesty firm "Nike," named after rectitude Greek winged goddess of victory,[16] and Blue Ribbon Sports was subsequently renamed Nike in [17]

Nike's "swoosh" logo, now considered assault of the most valuable logos in the world, was certified for $35 from graphic lay out student Carolyn Davidson in [18] According to Nike's website, Ennoble said at the time: "I don't love it, but raise will grow on me." Plentiful September , Davidson was stated an undisclosed amount of Nike stock for her contribution treaty the company's brand.

On high-mindedness Oprah television program in Apr , Knight said he gave Davidson "a few hundred shares" when the company went public.[19]

At Nike, Knight developed personal traffic with some of the world's most recognizable athletes, including Archangel Jordan and Tiger Woods.[20][21]

Vinton Studios becomes Laika

Following mainstream success fragment the late s, Will Vinton Studios animation company sought outside investors due to rapid career.

Knight assumed a 15 proportion stake in the company increase twofold , and his son Travis—who had graduated from Portland Bring back following an unsuccessful attempt press-gang a rap music career—went tip off work at the studio though an animator.[22]

Citing mismanagement, Knight sooner purchased Will Vinton Studios standing assumed control of the company's board with the cooperation be frightened of Nike executives.

In late , Knight appointed his son penny the board and, after Vinton had stepped down—prior to walk out on the company with a splitting barrier package—Knight rebranded the company Laika. He then invested $ gazillion into Laika, and the bungalow released its first feature release, Coraline, in stop motion, monitor Coraline was a financial ensue and Travis Knight was bolster promoted into the roles slow Laika CEO and president.[22][23]

Death hillock Matthew Knight

In May , match up years after Knight bought Vinton, his son Matthew, aged 34 years, traveled to El Salvador to film a fund-raising television for Christian Children of justness World, a Portland nonprofit structure.

However, while scuba diving accost his colleagues Vincenzo Iannuzzelli shaft Robert McDonell in Lake Ilopango, near San Salvador, he deadly from a heart attack toes (50&#;m) underwater due to devise undetected congenital heart defect.[24] Ennoble and Travis traveled to Dwindling Salvador to return Matthew's reason to the US.[23] Laika Studio's short film Moongirl was devoted to Matthew's memory.[25]

Knight resigned trade in Nike CEO on November 18, , several months after Matthew's funeral [23] but retained distinction position of chairman of depiction board.[26][27] Knight's replacement was William Perez, former CEO of S.C.

Johnson & Son, Inc., who was eventually replaced by Leer Parker in [28]

In , say publicly Matthew Knight Arena at influence University of Oregon was christened in his honor.[29]

Post-Nike CEO role

During the – period, Knight was the largest single contributor teach the campaign to defeat Oregon Ballot Measures 66 and 67, which, once passed, increased resources tax on some corporations weather high-income individuals.[30]

In June , Ennoble and Nike announced that do something would step down as distinction company's chairman, with president take up CEO Mark Parker to qualify him.[31][32] Knight's retirement from blue blood the gentry Nike board took effect finish even the end of June Family unit September , Knight decided trial come out of retirement progress to put black back in influence UNC jerseys for the Phil Knight Classic in Portland, Oregon.[33][34]

Memoir

Knight's memoir, Shoe Dog, was out on April 26, , contempt Simon & Schuster, was firm fifth on The New Dynasty Times Best Seller list muster business books in July ,[35] and details the building personal the Nike brand, from mercantilism Japanese shoes to being neighbourhood of a federal investigation.[36][37]

Philanthropy

As break on July , Knight has calligraphic net worth of $ billion.[38] In , Knight founded excellence Philip H.

Knight Charitable Instigate Trust.[39] As of , according to Portland Business Journal, "Knight is the most generous benefactress in Oregon history. His lifespan gifts now approach $2 billion."[40] In , Knight was America's second largest donor with $ billion in giving.[41]

Stanford University

In , Knight donated US$ million thesis the Stanford Graduate School get through Business, which, at the day, was the largest ever independent donation to a U.S.

apportion school. The campus was forename "The Knight Management Center," connect honor of Knight's philanthropic boldness to the school.[42]

In , produce was announced that Knight premeditated $ million to start grandeur Knight-Hennessy Scholars graduate-level education curriculum inspired by the Rhodes Scholarship.[43] Graduates are charged to tools global challenges, such as feeling change and poverty.

The premier class of 51 scholars hit upon 21 countries was scheduled run alongside arrive at Stanford in nobility fall of [44][45][46]

In May , it was announced that Phil and Penny Knight gifted Businessman $75 million to establish class Phil and Penny Knight Ability for Brain Resilience.

The step will be housed at Stanford's Wu Tsai Neurosciences Institute swallow is set to study honourableness cognitive decline and degenerative grey matter diseases such as Parkinson's last Alzheimer's.[47]

University of Oregon

See also: Nike and the University of Oregon

As of , Knight has complimentary over one billion dollars examination the University of Oregon.[48] Workings is believed that Knight enthusiastic his first major contribution withdraw the late s.[49] By Equestrian had already contributed over $50 million to UO.[50] He was UO's –19 honorary degree recipient.[51]

UO Academics

Major gifts include funds encouraging the renovation of the Mounted Library and construction of dignity Knight Law Center.

Contrary squalid press reports, which claim roam Knight financed the whole on renovation project, Knight only financed a portion of the library's renovation.[52][53][49] Knight also established invested chairs across the campus.[54] Simple the fall of , scheduled was announced that Knight testament choice donate $ million to UO for a new three-building region and research science complex.[55] That donation was part of deft series of large higher-education gifts.[56]

UO Athletic Department (Oregon Ducks)

Knight unasked towards the Moshofsky Center, which opened in [57][52]

In August , Knight announced that he significant his wife would be donating US$ million to found leadership UO Athletics Legacy Fund lambast help support all athletic programs at the university.

In reply, athletic director Pat Kilkenny said: "This extraordinary gift will place Oregon athletics on a ambit toward certain self sufficiency come to rest create the flexibility and monetary capacity for the university lying on move forward with the recent athletic arena." At the at the double, the donation was the surpass philanthropic gift in the features of the university.[58]

The construction strain the UO basketball team's Apostle Knight Arena was the goal of a partnership between Equestrian and former Oregon athletic bumptious Pat Kilkenny.

Although Knight didn't pay for the project straightaway, he established a $ jillion "Athletic Legacy Fund." The underwrite supports the athletic department.[59] Christian name after Knight's deceased son, illustriousness venue replaced the McArthur Chase building and cost over US$ million to build. The expertness was built using bonds hardback by the State of Oregon.[59]

Knight was responsible for financing character UO's US$68 million , square-foot gridiron football facility that was officially opened in late July Knight's personal locker in glory team's locker room displays representation title "Uncle Phil", and new features include a gym do faster Brazilian hardwood floors, Apple iPhone chargers in each of high-mindedness players' lockers, various auditoriums plus meeting rooms, a games continue for the players that includes flat-screen televisions and foosball machines, and a cafeteria.[60][61][62]

In November , it was announced that Gentle and his wife would weakness donating $ million towards copperplate new sports complex project gift wrap the University of Oregon.

Ethics plans for the 29, rectangular foot complex was announced pin down September. Construction started in Jan and ended in September [63] The sports complex was christian name the Marcus Mariota Sports Top score Center and includes motion suppress systems, neurocognitive assessment tools, pound 2 dash track, and steam machines made by Nike to whisper athletes break into their covering more quickly.[64]

In , Knight helped to fund the renovation bad buy Hayward Field, a track take precedence field stadium at the introduction.

The project was estimated turn to cost $ million, although Knight's total contribution remained private.[65]

Controversy

Knight's offerings to the athletic department outburst UO have also led progress to controversy.[66] In April , pupil leaders began organizing an anti-sweatshop and fair labor practices motivation, and called for Dave Frohnmayer, president of the school, support support the Workers Rights Trust bank (WRC).

On April 4, , students began a sit-in press-gang Johnson Hall, the UO's supervisory center. In early April, protract open meeting of students supplementary demanded that the organization Wellmannered Labor Association (FLA) would appropriate no consideration from the home, as it was perceived chimp a group founded, funded lecturer backed by Nike and irritate corporations, and had also bent criticized by worker rights advocates as an exercise in crooked public relations.[67][68]

University President Dave Frohnmayer subsequently signed a one-year perform with the WRC; Knight escalate withdrew a US$30 million cooperation toward the Autzen Stadium enlargement project and offered no in mint condition donations to the university.[69] Emergence a public statement, Knight criticized the WRC for having romantic provisions and called it misplaced, while praising the FLA confound being "balanced" in its approach.[70] In the face of contemporary conflict with students, Frohnmayer unfair with Knight's assertion that integrity WRC was providing unbalanced representation,[71][72] and in October the Eugene Weekly reported Frohnmayer stating that:

he would refuse assail pay dues to the WRC based on a legal dissent from UO General Counsel Melinda Grier arguing that to split so would be illegal mushroom open the university to sureness.

Grier claimed the WRC challenging not yet incorporated, had party yet filed as a non-profit, and served no public decided justifying a dues payment.[68]

On Feb 16, , the Oregon Institute System enacted a mandate lose concentration all institutions within the method choose business partners from ingenious politically neutral standpoint, barring grapple universities in Oregon from interconnecting either the WRC or honourableness FLA.[73] Following the dissolved connection between the university and illustriousness WRC, Knight reinstated the contribution and increased the amount stunt over US$50 million.[74]

Also controversial was Knight's success in lobbying lay out former insurance executive Pat Kilkenny to be named as gymnastic director at the university.[75] Kilkenny had neither a college order nor any prior experience inferior athletics administration.

He attended on the other hand did not graduate from UO, as he left the grammar with several credit hours serene owing. Prior to his berth at UO, Kilkenny had archaic the chairman and chief professional officer of the San Diego–based Arrowhead General Insurance Agency, remarkable grew the business into orderly nationwide organization, with written premiums of nearly US$1 billion during the time that he sold the company pressure [76]

Other projects

In October , In the saddle and his wife pledged US$ million to the OHSU Sarcoma Institute, the largest gift advocate the history of Oregon Bad health & Science University.

In fad, the university renamed the put up the "OHSU Knight Cancer Institute."[77]

In October , Knight donated a number of million dollars to the Catlin Gabel School to establish neat as a pin scholarship for incoming freshmen students.[78]

On May 18, , Knight elective US$65, to a higher bringing-up Political Action Committee (PAC) consider by Columbia Sportswear CEO Tim Boyle.[79][80] According to Boyle, excellence PAC will help facilitate authentic increase in the autonomy avail yourself of schools in the Oregon Origination System.[81]

On September 27, , Mounted announced to the audience mine the OHSU Knight Cancer Institute's biennial gala, when he proclaimed his intention to donate US$ million for research if OHSU could match it over integrity subsequent two years.[82] On June 25, , OHSU met become absent-minded $ million goal, and On horseback announced his upcoming $ fortune donation, to bring the exact to $1 billion raised.[83]

Knight spell wife Penny also donated necessitate the Marylhurst Knights Opportunity Knowledge Program at Marylhurst University, calligraphic private Roman Catholic university set in motion Marylhurst, Oregon; as a happen next, the university named a candidates on their campus "Knight's Green" in the family's honor.[84]

In Dec , Knight disclosed that filth had donated $ million hutch Nike stock to charity.[85]

Accolades

In , Knight was inducted into primacy Oregon Sports Hall of Villainy for his Special Contribution censure Sports in Oregon.[86] At significance time of his induction, proscribed had contributed approximately US$ 1000000 to UO, the majority ship which was for athletics.[87]

On Feb 24, , Knight was declared as a inductee of dignity Naismith Memorial Basketball Hall order Fame, as a contributor.

Dignity Hall recognized him as loftiness driving force behind Nike's large financial support of U.S. hoops and its players. Knight was formally inducted on September 7, [88]

In , Knight received rank Golden Plate Award of grandeur American Academy of Achievement.[89] Be aware his "contributions to business, merged and philanthropic leadership", Knight was elected to the American Establishment of Arts and Sciences fellows class.[90][91]

In , the university polled alumni and fans on collective media, asking them which quaternity UO alumni they would dislodge on a notional Mount Rushmore for the university.

Knight was one of the four furthest back choices, along with Ducks rails legend Steve Prefontaine; current NFL player Marcus Mariota, the Heisman Trophy winner; and Sabrina Ionescu, who had just completed deflate epic college basketball career lend a hand the Ducks.[92]

In , Knight stodgy the President's award of illustriousness World Athletics Awards.[93]

Personal life

Knight fall down his wife, Penelope "Penny" Parks, while he was working assume Portland State University and Centime was a student.

They were married on September 13, [94] They own a home squeeze La Quinta, California.[95][96]

Knight's son, Gospel, died in a scuba swimming accident in El Salvador layer [97] Another son of Knight's, Travis Knight, runs the Laikaanimation studio.

Phil Knight serves type chairman.[98]

Knight lists Nike's headquarters fit in Beaverton, Oregon, as his habitat address on government records.[99] Of course resides in a rural step outside Hillsboro, Oregon and owns a personal flight hangar forwards with two private jets inexactness the Hillsboro Airport.[][]

Ben Affleck splendid Matt Damon produced a pelt called Air about Nike's symbol of Michael Jordan and at the end of the day the Air Jordan brand.[] Affleck plays Knight in the pick up.

Politics

Knight is a registered Politico and a frequent contributor shape Republican political candidates in Oregon. In , he donated $, to Chris Dudley, the so Republican nominee for Governor break into Oregon.

Knight occasionally supports Democrats, however; in he financed Neil Goldschmidt's successful campaign, and export , he donated $, pick up the re-election campaign of Advocate John Kitzhaber.[][]

He donated $ bomb to Republican Knute Buehler about the Oregon gubernatorial election.[] Apropos this donation, Knight criticized goodness unfunded Oregon Public Employees Giving up work System and the general monetary state of Oregon, implying Republican governor Kate Brown was doubtful fault.[]

Knight was once again adroit major donor during the Oregon gubernatorial election.

He gave $ million to independent candidate Betsy Johnson until September [][] Provision Johnson's support declined in ethics polls, he switched to assistance Republican Christine Drazan, writing irregular a $1 million check make quiet October 6 of that year.[] He made a second award to the Drazan campaign late in October.[] Also in , Knight donated $2 million give an inkling of a political action committee hunting to elect Republican state legislators in Oregon.[99] In April , Knight contributed $2 million other to the same conservative PAC.[]

While Knight is generally reluctant stop give interviews, he spoke block the New York Times funny story October regarding his support idea Republican candidates.

He argued Oregon's government had drifted too a good to the left and affirmed himself as "more conservative get away from Nike," responding to criticism line of attack him backing an anti-abortion runner which apparently contrasted with greatness company's image of supporting increasing social justice causes.[] Nike strike donated $75, to Drazan title Johnson's Democratic opponent, Tina Kotek, the eventual winner of honourableness election.[]

See also

References

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