Latest Business NewsNike CEO's Pay Almost Triples To $47.6 Million With Stock Award
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Nike CEO's Pay Almost Triples To $47.6 Million With Stock Award
Mark Parker's $47.6 million pay for FY2016 was triple the level of FY15
Mark Parker's salary remained $1.55 million for financial year 2016
Mark Parker received stock grants worth $33.5 million in FY2016
Since becoming CEO in 2006, Mark Parker has steered the company to more than $32 billion in sales.
Nike awarded Chief Executive Officer Mark Parker $47.6 million in compensation for fiscal 2016, almost triple the level of the previous year, after stock grants buoyed his pay.
Parker's salary remained $1.55 million in the period, which ended May 31, the Beaverton, Oregon-based company said in a regulatory filing. But his stock grants, which had been valued at $3.5 million, zoomed to $33.5 million -- lifted by awards meant to keep ...