Lower earnings last year translated into smaller paychecks for Nike Inc.’s chief executive officer and the president of the Nike brand.
Mark Parker, president and ceo of Nike, saw his total compensation decline 17 percent to $7.3 million from $8.8 million the year before. Although his base pay rose 6.3 percent to $1.5 million and his stock and option awards gained 4.4 percent to a total of $4.8 million, these couldn’t make up for a nearly two-thirds reduction in his nonequity incentive plan compensation, to $900,000 from nearly $2.7 million.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"