Nike's two highest-paid executives received compensation packages totaling more than $11 million in fiscal 2007.
According to a Securities and Exchange Commission filing, Mark Parker, chief executive officer and president, and Charles Denson, president of the Nike brand, earned pay packages worth $6.2 million and $5.5 million, respectively.
Parker, who is in his first year as head of the company, would have placed in the number six spot on WWD's list of top-paid vendors released earlier this month. His pay package included a base salary of $1.3 million and stock and options totaling more than $2.6 million.
The company's proxy statement was filed after the WWD report. Parker would have bumped Kenneth Pucker, executive vice president and chief operating officer at Timberland Co., down one spot. Pucker earned a total compensation of $6 million.
Parker's "other" compensation, which totaled $2.3 million, includes nonequity incentive plan compensation, change in pension value and nonqualified deferred compensation earnings, use of aircraft, 401k contributions and other perks. Previously, Parker served as co-president of the Nike brand.
Denson earned a base salary of $1.2 million and was awarded stock and options reaching $2.4 million. Denson would have pushed Mark Weber, the former ceo at Phillips-Van Heusen Corp., down one spot. Weber earned $5 million last year.
Denson's "other" compensation equaled $135,775, and included matching contribution to charities and contributions to his 401k.
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