After being repeatedly heckled by Kanye West, it's apparent that Nike CEO Mark Parker is integral to the brand's success. After announcing that he would step down from his role as Nike Chairman, Phil Knight suggested that Parker be the next in line to takeover his role. To ensure that Parker will be around for the next five years, Nike is offering him a reported $30 million in stock options, according to Bloomberg.
“In granting this equity award, Phil Knight and Nike’s board of directors recognize Mark Parker’s exceptional leadership and his critical role in driving Nike Inc.’s growth strategy for years to come,” Nike spokesperson Gregg Rossiter said.
According to Bloomberg, "Sixty percent of Parker’s $30 million stock award will be linked to revenue and earnings-per-share growth from fiscal 2016 through fiscal 2020."
Parker has already proven to be one of the best CEOs to work for, and this news only further cements that fact. Not only is he a great leader, but Parker is also at the center of where Nike is headed from a fundamental standpoint. It takes big bucks to keep someone like that around.