NEW YORK — Nike’s top two highest paid executives received compensation packages totaling over $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 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, had a package that included a base salary of $1.3 million and stock and options totaling over $2.6 million. His “other” compensation, which totaled $2.3 million, includes non-equity incentive plan compensation, change in pension value and nonqualified deferred compensation earnings, use of aircraft, 401k contributions and other perks.
Previously, Parker served at 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. His “other” compensation equaled $135,775, which included matching contribution to charities and contributions to his 401k.