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Entries in Nike (13)

Friday
Jul012011

Nike Resigns NFL Star Michael Vick

Jonathan Ernst/Getty Images(BEAVERTON, Ore.) -- Nike has signed NFL star Michael Vick to a new endorsement deal after dropping the quarterback in 2007 amid a then-growing controversy surrounding his involvement in an illegal dog fighting operation.

“Michael acknowledges his past mistakes. We do not condone those actions, but we support the positive changes he has made to better himself off the field,” Nike said Friday in a statement provided to ABC News.

After being convicted for his role in the dog fighting operation in 2007 and serving 18 months in federal prison, Vick didn't think he'd suit up in a professional uniform again.

"At the time, it was over," Vick told ABC News' Bob Woodruff. "I think I'm a better player now because God took me to the bottom. I'm a firm believer in karma and I think it happened because of what I did, and what I allowed to happen to those animals."

Vick has since rejoined the NFL as a member of the Philadelphia Eagles and teamed with The Humane Society to promote the ethical treatment of animals.

Copyright 2011 ABC News Radio

Thursday
Dec162010

Christmas Comes Early: Top CEO Bonuses of 2010

Photo Courtesy - Getty Images(NEW YORK) -- In a tough economic year, when even some CEOs have had to scrimp and save, others are finding big bonuses beneath the tree.

Aaron Boyd, head of research for Equilar, an executive compensation data firm, says it's still too early to say how generous a year 2010 will turn out to be for chief executives of America's biggest companies.  Most S&P 500 companies don't report their bonus numbers until March or April.  A minority, however -- companies with fiscal years ending early -- file their proxies sooner, allowing analysts like Boyd to get a peek at coming attractions.

His look at some 60 companies that have already filed shows that the CEOs of H.J. Heinz, Oracle, Cisco Systems, Nike and News Corp were the top five biggest bonus winners listed.  William R. Johnson, the chairman and president of H.J. Heinz, came in first on the list with a bonus of $8,589,063, followed by Oracle CEO Lawrence J. Ellison with $6,453,254.  The remaining three CEOs scored bonuses within the $4 million range.

What's noteworthy about their bonuses, says Boyd -- apart from sheer size -- is that all were pre-determined by formulas that take into account how the CEOs' companies performed.

"Companies are moving away from payouts based purely on the discretion of the board," he says.  The trend is toward bonuses tied more closely to performance.´╗┐

Copyright 2010 ABC News Radio

Sunday
Oct242010

Turf War: Under Armour Launches Shoe Line to Compete with Nike

Under Armour's new Micro G Black Ice basketball shoe. Photo Courtesy - Under Armour(BALTIMORE) – Apparel and sporting retailer Under Armour has announced the release of a new line of basketball shoes they hope will cut into Nike’s 95 percent share of the industry.

The company announced the release of the Micro G line Saturday. The line will include four basketball sneakers that range in price from $80 to $110.

Under Armour executives hope the shoes will appeal to more customers and raise the company’s brand awareness.

“None of us want to be anything but number one,” said Under Armour executive Gene McCarthy, according to the Baltimore Business Journal.

As of Oct. 3, Nike and its affiliated brands owned 95 percent of the basketball shoe sales in the U.S., according to research from SportsONESource.

The next closest market share is held by German-based Adidas AG with just 1.98 percent of sales.

Copyright 2010 ABC News Radio´╗┐

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