https://www.sec.gov/Archives/edgar/data/320187/000032018726000070/nke-20260616.htm
4 replies (most recent on top)
@mr I mean, your life is set in that your salary and bonuses mean you are pretty well off, but I think the part about work really depends. I've had some SrDr who just coast around in meetings and don't lead, and some who put in a ton of effort. It's almost like making a blanket statement about loosely related groupings is going to be wrong at least half the time.
Your life is set if you ever make Senior Director or higher. No actual work involved since your minions do everything. Harass the sh-t out of your team and HR won’t touch you. Even if you fu-k up the business you get hired elsewhere for your “experience.” What a joke.
Imagine being C-level. You just move from one company to the next, fvcking up each one, and the next one hires you because of your "experience" (fvcking things up for other companies).
This is what we should all strive for, I guess. Being incompetent pieces of s_it and bouncing from one company to another.
@d4 The cash bonus is just a transfer of the golden handcuffs from their previous owners to their new ones. Like if someone with RSU benefit were to leave Nike, you'd leave 3-4 years worth of RSU accruals on the floor, so new company has to "make you whole" to recruit you by offering to replace those with new handcuffs (though these ones only last for 2 years). The whole concept of vesting was to keep executives from moving around as much, but companies just baked that into the costs of acquiring them and it's largely meaningless to them, and only really hurts those of us that are at the entry level of them.
Summary:
CFO has annual target compensation of $14,690,000.
First year target comp is $25,940,000 to $29,940,000.
This includes a “New Hire Cash Award” of $7,250,000. When I was hired my manager only took me out for what was admittedly a very good hamburger. Somehow he neglected to tell me about the 7-figure “New Hire Cash Award”. Anyone know where I can pick that up?
MF didn’t get a “golden parachute” on the way out the door. He got a “rhodium parachute”. Leaving Nike when you’re an executive is extremely profitable!
Last, the 8-K also formalizes a broad and highly lucrative executive severance program. And I, for one, am especially happy to see Nike is finally looking out for those employees it already pays millions of dollars per year. No more sleepless nights for me!
On a serious note, even though I still hold more than a little Nike stock, seeing these compensation numbers makes me hope Nike continues to slowly fade into irrelevance and eventually becomes another Reebok.
I’m done caring. I’m BEYOND done carrying. If I still worked at that dumpster fire (yeah, I successfully escaped a couple years ago) where people get brainwashed into believing that making overpriced t-shirts and tennis shoes is somehow the epitome of human achievement, I would make it my daily ambition & goal to do as little as humanely possible. If I ever felt guilty about that I’d remind myself what Nike pays senior execs, and I’d immediately be able to live perfectly well with that guilt.
If a company’s moral compass thinks that paying individuals that much money is justifiable and normal, I’d adopt the company’s OWN moral compass and try as hard as possible to see how long I could collect a paycheck for doing literally nothing.
Just a suggestion.
Makes me sick seeing what MF gets to walk out the door.