Nike, Inc. Annual Shareholders Meeting
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Foundations, City at Brink of Plan to Shrink Detroit
20100125-NEWS--0001-NAT-CCI-CD_-- 1/22/2010 6:21 PM Page 1 ® www.crainsdetroit.com Vol. 26, No. 4 JANUARY 25 – 31, 2010 $2 a copy; $59 a year ©Entire contents copyright 2010 by Crain Communications Inc. All rights reserved Page 3 Saudis seek Sales of small businesses down – are only the strong Davidson for sale? contract with Study calls on biz to help prevent diseases, cut costs Brighton Supreme Court ruling clears has her way for corporate, nonprofit Hospital stands on candidates BY JAY GREENE CRAIN’S DETROIT BUSINESS Inside St. John Health System’s Brighton Hospital has signed a letter of in- Firm’s pitch to governments: tent to begin discussions on a long- reasons term management contract with a Privatize building Saudi Arabian company that is building a 250-bed addiction treat- departments, Page 6 ment hospital in Riyadh. But estate tax isn’t After a nine-month internation- al search, Brighton Hospital was Finance Extra DUANE BURLESON/THE ASSOCIATED PRESS Owner Karen Davidson watches the Detroit Pistons chosen over other more famous one of them, rep says on Wednesday at the Palace of Auburn Hills. and larger addiction treatment ‘Our focus was on survival’: providers in Europe and the U.S. Bailouts, credit crunch because of its expertise, high suc- BY BILL SHEA Michael Layne of Farmington to shield her and the two adult cess rate, clinical care model and torpedo 2009 M&A, Page 11. CRAIN’S DETROIT BUSINESS Hills PR and marketing agency children named in the estate, 12-step treatment approach, said Marx Layne & Co., said on Friday there’s eventually a tax bill to Mohammed Al-Turaiki, CEO of Karen Davidson’s decision to that she doesn’t pay — potentially to the tune of Saudi Care for Rehabilitation and Crain’s List possibly sell the Detroit Pistons, owe any. -
CEO Activism and Firm Value
CEO Activism and Firm Value Anahit Mkrtchyan, Jason Sandvik, Vivi Z. Zhu* January 2021 Abstract We investigate the impact of CEO activism, the increasingly common practice of CEOs speaking out on social and political issues, on firm value. CEO activism may be beneficial for shareholders, as it can bolster firms’ relationships with customers and employees. Alternatively, CEO activism may be detrimental if it alienates stakeholders with opposing views. Consistent with the former, we find that CEO activism results in a positive market reaction and higher valuations. These results can be explained by increased employee productivity and innovation, suggesting that CEO activism may improve corporate reputation in labor markets. Additionally, activist CEOs benefit from more future directorships. Keywords: CEO Activism, firm value, productivity, innovation. JEL Classification Numbers: G34 *Anahit Mkrtchyan is from the D’Amore-McKim School of Business, Northeastern University and can be reached at [email protected]. Jason Sandvik and Vivi Z. Zhu are from the A. B. Freeman School of Business, Tulane University. Sandvik can be reached at [email protected] and Zhu can be reached at [email protected]. We thank John Bai, Jonathan Brogaard, Lucy Chernykh, James Conklin, Felipe Cortes, Laura Field, Davidson Heath, Udi Hoitash, Kate Holland, Peter Iliev, William Kerr, Michelle Lowry, Nadya Malenko, Stijn Van Nieuwerburgh, Yihui Pan, Miriam Schwartz-Ziv, Nathan Seegert, Kandarp Srinivasan, Kuncheng Zheng, and the participants of workshops at Florida State University and Tulane University for their helpful comments. Electronic copy available at: https://ssrn.com/abstract=3699082 1. Introduction Over the last decade, business leaders have increasingly engaged in CEO activism, i.e., the practice of speaking out on hot-button social and political issues. -
The Force Behind the Nike Empire
The Force Behind the Nike Empire by Jackie Krentzman Phil Knight built a successful business As 20-year-old Stanford golfer by selling shoes. He Tiger Woods fought his way to an became a billionaire unprecedented third U.S. Amateur by selling dreams. title last summer, Nike founder Phil Knight shadowed him from hole to hole, appraising the young phenom's every smile the way a golf coach would his swing. "I hope we sign him," Knight said at the time. "If not, I hope he goes to medical school." Three days later, KNIGHT WATCH: The Woods called a news conference, CEO surveys his Beaverton, stepped before the TV cameras Ore., "campus." and announced that he was quitting college to join the Robbie McLaren Professional Golf Association Tour. "Well," he said with a big grin, "I guess it's 'Hello, world,' huh?" An adoring sports media lapped up the young man's winning soundbite. Then, just 24 hours later, the other shoe dropped. In a barrage of new TV spots and full-page newspaper ads, Nike unveiled its latest pitchman: pro golfer Tiger Woods. The Nike- crafted tag line on the ads? "Hello, World." Woods may be the company's current star, but its controversial CEO and founder is the real story. Nike signed Woods to a five- year endorsement deal, reportedly worth more than $40 million, and has thrown its considerable weight behind him. The company is packaging the young golfer--who is part African American, part Chinese, part American Indian, part Thai and part white--as the Jackie Robinson of golf, breaking down barriers each time he steps on a course. -
Table of Contents Tanford Baseball Has Been Leading the Way for 117 Years
ST AN F ORD B Table of Contents AS E BA tanford Baseball has been leading the way for 117 years. Just Stanford Baseball 2010 LL Ssome of the achievements of the historic college baseball program Team’s Schedule .......................................................... BC Quick Facts .....................................................................2 2010 SE include two College World Series titles, six NCAA Super Regional Sunken Diamond .....................................................16-17 victories, 15 NCAA Regional crowns, 20 conference titles and 2589 Outlook ....................................................................22-23 ASON wins – a total which ranks fifth all-time in the history of Division I Coach Marquess .....................................................24-26 OUTL Coach Stotz ...................................................................27 OO college baseball. Stanford Baseball players are not only leading the Coach Filter/Iglesias ......................................................28 K way on field, they are also leading the way in the classroom and with Player Profiles .........................................................30-52 C their work ethic. Stanford Baseball is the most unique experience in Season in Review oac Review Summary ..........................................................54 H IN college baseball. Stanford is for that individual who wants to achieve G ST 2009 Results .................................................................55 A success through the challenge of both -
By Gerald L. Aben Submitted in Partial Fulfillment of The
A WHOLE NEW WORLD: SUPPORTING SOCIALLY RESPONSIBLE BUSINESS THROUGH LEGISLATION by Gerald L. Aben Submitted in partial Fulfillment of the requirements of the King Scholar Program Michigan State University College of Law Under the Direction of Professor Bruce Bean Spring, 2009 INTRODUCTION A fundamental question that commentators have asked since the inception of the corporation is whether a corporation is merely a tool to make profits for its shareholders, or, as a construct of society, does it owe that society certain obligations.1 Currently, corporate law in the United States mandates that a corporation’s sole obligation is to its corporate shareholders.2 While this view of corporations is popular among investors and free market proponents, many activists and commentators have argued that corporations should actively consider the effects corporate decisions have on other constituencies, most notably employees, customers, and neighbors.3 However, advocates differ on what Corporate Social Responsibility (CSR) is, and how a corporation can ensure that it is a responsible member of society.4 At the same time, critics argue that the only social responsibility corporations have is to their shareholders and that CSR violates the principles of free market society.5 Many corporations, such as Nike, Inc. (Nike) and BP, plc (BP) have voluntarily implemented CSR programs for a variety of reasons.6 These programs have had mixed success and are often met with skepticism from the public as mere ploys for publicity.7 Additionally, the legality of CSR -
Michael Jordan: a Biography
Michael Jordan: A Biography David L. Porter Greenwood Press MICHAEL JORDAN Recent Titles in Greenwood Biographies Tiger Woods: A Biography Lawrence J. Londino Mohandas K. Gandhi: A Biography Patricia Cronin Marcello Muhammad Ali: A Biography Anthony O. Edmonds Martin Luther King, Jr.: A Biography Roger Bruns Wilma Rudolph: A Biography Maureen M. Smith Condoleezza Rice: A Biography Jacqueline Edmondson Arnold Schwarzenegger: A Biography Louise Krasniewicz and Michael Blitz Billie Holiday: A Biography Meg Greene Elvis Presley: A Biography Kathleen Tracy Shaquille O’Neal: A Biography Murry R. Nelson Dr. Dre: A Biography John Borgmeyer Bonnie and Clyde: A Biography Nate Hendley Martha Stewart: A Biography Joann F. Price MICHAEL JORDAN A Biography David L. Porter GREENWOOD BIOGRAPHIES GREENWOOD PRESS WESTPORT, CONNECTICUT • LONDON Library of Congress Cataloging-in-Publication Data Porter, David L., 1941- Michael Jordan : a biography / David L. Porter. p. cm. — (Greenwood biographies, ISSN 1540–4900) Includes bibliographical references and index. ISBN-13: 978-0-313-33767-3 (alk. paper) ISBN-10: 0-313-33767-5 (alk. paper) 1. Jordan, Michael, 1963- 2. Basketball players—United States— Biography. I. Title. GV884.J67P67 2007 796.323092—dc22 [B] 2007009605 British Library Cataloguing in Publication Data is available. Copyright © 2007 by David L. Porter All rights reserved. No portion of this book may be reproduced, by any process or technique, without the express written consent of the publisher. Library of Congress Catalog Card Number: 2007009605 ISBN-13: 978–0–313–33767–3 ISBN-10: 0–313–33767–5 ISSN: 1540–4900 First published in 2007 Greenwood Press, 88 Post Road West, Westport, CT 06881 An imprint of Greenwood Publishing Group, Inc. -
Table of Contents
Media Table of contents Media information & fast facts ......................................................................................................... 3 Important media information ....................................................................................................................................................4 Race week Media Center..............................................................................................................................................................4 Race week schedule of events ..................................................................................................................................................7 Quick Facts ...........................................................................................................................................................................................8 Top storylines ......................................................................................................................................................................................10 Prize purse .............................................................................................................................................................................................13 Time bonuses ......................................................................................................................................................................................14 Participant demographics ............................................................................................................................................................15 -
New Minority Adviser Seeks Diversity, Inclusiveness
TCU Daily Skiff Thursday, October 3, 1991 Texas Christian University, Fort Worth, Texas 89th Year, No. 22 Committee reaches decision in fraternity alcohol violation case By LEANNA STALEY • The chapter must sponsor a risk "The case was heard by IFC (Inter- TCU Daily Skiff management seminar by the end of fratemity Council) judicial and we Spring 1992; and made recommendations to the SOC," The Sigma Chi fraternity was put • Sigma Chi must formulate goals said Bubba Mackenzie, vice president on probation for one year because of for the chapter to conform to alcohol of the council in charge of judicial an alcohol violation case involving and drug policies and the means of matters. summer rush activities. achieving these goals. In the past, the committee has gen- Subcommittee on Fraternities and According to the press release writ- erally accepted the council recom- Sororities, a branch of Student Orga- ten by Jane Kucko. chairwoman of the mendations of infractions for nization Committee, reviewed the committee, the nature of the violation fraternities, said Watson Potter, coun- violation case Monday. and the fact that similar violations cil president. Several sanctions were made by the have occurred historically were fac- Freeman said one of his biggest subcommittee against the fraternity, tors taken into account when mandat- complaints with the sanctions was including: ing the final decision. how vague some of them were. Free- • No formal or informal parties or Bowen Freeman, a junior biology man said the terms barring Sigma Chi mixers may be sponsored or attended major and president of Sigma Chi, from hosting or attending any "formal by Sigma Chi for the remainder of the said he thought the sanctions against or informal parties" were too subjec- 1991 Fall semester; Sigma Chi were harsh. -
Download Transcript (PDF)
Doug Oxsen Oral History Interviews, December 30, 2015 Title “Raising the Bar for OSU Athletics” Date December 30, 2015 Location Valley Library, Oregon State University. Summary Interview #2 begins with Oxsen's broader memories of his basketball career at Oregon State. These memories include the quality of play in the Pac-8 during Oxsen's years as a competitor, the knee injury that he suffered during his freshman year, and the contrasts that he has observed between the culture of basketball during that era with what evolved later on. A major topic of conversation is Oxsen's recollections of playing against Bill Walton's UCLA Bruins and Oregon State's upset of UCLA in 1975, a win that broke UCLA's 49-game conference winning streak. He likewise comments on his interactions with Bill Walton in later years, as well as other noteworthy players against whom he competed. The session then shifts its focus to Oxsen's life following his graduation from OSU. These reflections include a discussion of Oxsen's two years touring the world with the Athletes in Action Christian ministry; his brief stint playing professionally in England; and his private sector work with Universal Gym Equipment and the BikeE Corporation. The remainder of the interview is chiefly devoted to Oxsen's return to OSU and his activities as a fundraiser with the OSU Foundation. Specifically, Oxsen details his involvement with the Raising Reser project as well as the construction of the Basketball Practice Facility, the launch of the Everyday Champions program, and the revival of track and field as an intercollegiate sport at Oregon State. -
Shoe+Dog+-+Phil+Knight.Pdf
Opening Quote: “In the beginner’s mind there are many possibilities, but in the expert’s mind there are few.” —Shunryu Suzuki, Zen Mind, Beginner’s Mind One of the best books I’ve read in recent years. Phil takes us on an autobiographical journey of personal and professional growth. The first chapter “Dawn” introduces Phil Knight’s Crazy Idea: to import high-quality, low cost shoes from Asia and sell them in the US—an idea he, an avid runner, presented to his business class at Stanford. The next 19 chapters are arranged annually—1962 through 1980—revealing a play-by-play on how his Crazy Idea grew into the world’s most successful athletic & lifestyle brand, Nike Inc. with a market cap of $98B and annual revenue of $34B as of May 2017. Table of Contents ● 1962 ● 1966 ● 1970 ● 1974 ● 1978 ● 1963 ● 1967 ● 1971 ● 1975 ● 1979 ● 1964 ● 1968 ● 1972 ● 1976 ● 1980 ● 1965 ● 1969 ● 1973 ● 1977 ● Night Copyright © 2017 DBT Ventures, LLC 1 All action items from this book: ● People ○ Research General MacArthur, one of Phil Knight’s personal heroes ○ Learn about Knight’s three main heroes: Churchill, Kennedy, and Tolstoy ○ Research the Eighty-Second Airborne (reference on p. 307) ○ Read about General Vo Nguyen Giap ○ Read about Masuro Hayami, CEO of Nissho ● Skills ○ Talk less. Heroes don’t need to say much. None are blabbermouths. None micromanaged. ○ Research: what is the best book on negotiation tactics? ○ Communication learning from Phil Knight: in business, when in doubt, SPEAK LESS ● Books ○ Find and buy the top book on the warrior mentality. -
View Responsibility Report
Innovate for a Better World Nike FY05-06 Corporate Responsibility Report Contents Letter from Mark Parker, CEO 3 Corporate Responsibility Strategy 6 Workers in Contract Factories 15 Considered Design & the Environment 51 Let Me Play 74 Nike Foundation 87 Diversity & Inclusion 91 Public Policy 108 Nike Business Overview 117 Governance, Accountability & Reporting 122 Letter from the Report Review Committee 134 Glossary 137 Guidelines and Principles Index 139 About this report: This document contains hyperlinks to outside groups and Nike tools. To access these, simply click on the highlighted links and they will open in your browser. 2 1 Letter from Mark Parker, CEO 3 1 Letter from Mark Parker, CEO This report covers a crucial period, and not just for Nike. Specifically, We see corporate we saw heightened attention worldwide on corporate responsibility and the key challenges of climate change, poverty and equity. responsibility as a Simultaneously, we began to transform our vision of Nike’s role in contributing to positive change in communities around the world. catalyst for growth The opportunity is greater than ever for corporate responsibility principles and practices to deliver business returns and become a driver of growth, to build deeper consumer and community connections, and innovation. and to create positive social and environmental impact in the world. We have made tremendous progress over the past two years in more deeply integrating corporate responsibility into our business model. We see corporate responsibility as a catalyst for growth and innovation, an integral part of how we can use the power of our brand, the energy and passion of our people, and the scale of our business to create meaningful change. -
Nike V. Kasky and the Modern Commercial Speech Doctrine - Forward: the Landmark Free-Speech Case That Wasn't: the Nike V
Case Western Reserve Law Review Volume 54 Issue 4 Article 3 2004 Symposium: Nike v. Kasky and the Modern Commercial Speech Doctrine - Forward: The Landmark Free-Speech Case That Wasn't: The Nike v. Kasky Story Ronald K.L. Collins David M. Skover Follow this and additional works at: https://scholarlycommons.law.case.edu/caselrev Part of the Law Commons Recommended Citation Ronald K.L. Collins and David M. Skover, Symposium: Nike v. Kasky and the Modern Commercial Speech Doctrine - Forward: The Landmark Free-Speech Case That Wasn't: The Nike v. Kasky Story, 54 Case W. Rsrv. L. Rev. 965 (2004) Available at: https://scholarlycommons.law.case.edu/caselrev/vol54/iss4/3 This Symposium is brought to you for free and open access by the Student Journals at Case Western Reserve University School of Law Scholarly Commons. It has been accepted for inclusion in Case Western Reserve Law Review by an authorized administrator of Case Western Reserve University School of Law Scholarly Commons. SYMPOSIU." NIKE V. KASKY AND THE MODERN COMMERCIAL SPEECH DOCTRINE FOREWORD THE LANDMARK FREE-SPEECH CASE THAT WASN'T: THE NIKE V. KASKY STORY* Ronald K.L. Collinstand David M. Skovertt A Term highlightedby constitutional rulings of lasting significancealso produced one monumental disappointment-adud.... --Thomas C. Goldstein' ©2004 Ronald K.L. Collins & David M. Skover. t Scholar, First Amendment Center, Arlington, Virginia. In the interest of full disclosure, I note that I was approached early on by Mr. Jim Carter, Vice President and General Counsel for Nike, to discuss the case with my colleague, Paul McMasters, while review was pending in the U.S.