Month: July 2023

John Donahoe gets a sizable check from the Check — more than $30M USD last fiscal year, to be exact. The Nike CEO’s pay for the 2022 fiscal year was recently revealed in the company’s annual proxy statement, and he raked in a handsome $32.8M USD.Most of Donahoe’s compensation came from stock and option awards, which were valued at $20.5M USD total on the date granted. He also made $6.8M USD in incentive pay and had $3.9M in charitable contributions made by Nike to match his own donations (although he wasn’t paid this money directly because it went to charity, it’s still included in his total compensation). His base salary for the year was set at $1.5M USD. In total, Donahoe’s haul was 13.7% higher than his pay in the 2021 fiscal year. The US’s Securities and Exchange Commission (SEC) recently issued a new CEO pay reporting mandate, “compensation actually paid,” which examines how the value of a CEO’s unvested shares changes over that year. WWD notes that, by that metric, Donahoe’s “actual” pay came in at $29.4M USD. If it wasn’t for a drop in Nike’s stock price at the end of the 2022 fiscal year on March 31 — it went down by 11.4% — Donahoe’s take-home pay would have been even higher.Even with the double-digit share price plunge in March, Nike remains a powerhouse: revenues for the 2023 fiscal year came in at $12.8B USD, a 5% increase from the prior year and an 8% increase on a currency-neutral basis. Nike’s overall share price has decreased since Donahoe took the helm in January 2020, two months before the COVID-19 pandemic upended the globe, and the company’s stock growth runs behind the Down Jones U.S footwear index — $100 USD invested at the start of the 2021 fiscal year would now be worth $109.51 USD, while the footwear index as a whole is at $116.84 USD. The proxy report that revealed Donahoe’s pay was released ahead of Nike’s annual shareholder meeting, which is scheduled for September 12. In addition to standard tasks like electing a board of directors and naming an auditor, shareholder proposals on a supply chain management report and a pay equity disclosure will be considered. Elsewhere in the world of the Swoosh, official images of the Off-White™ x Nike Air Force 1 Mid “Sheed” have been revealed.

UPDATE: After surfacing by way of early images this past May, the Air Jordan 13 “Wolf Grey” has now officially been unveiled by Nike. Originally supposed to launch in July, the pair’s release has been pushed back to August 5. Full family sizes of this colorway will be available.ORIGINAL ARTICLE:After generating buzz over its upcoming collaborations thanks to J Balvin flexing his Air Jordan 3 team-up at Formula 1 Miami this past weekend, Jordan Brand is now turning our attention back to its inline category to uncover what it has lined up for Summer 2023. The Air Jordan 13 is returning to the spotlight this July to be dropped in an ultra-clean “Wolf Grey” colorway, and detailed shots of the pair have emerged.Neutral tones are called upon to cover a majority of the real estate here. The silhouette’s signature pockmarked leather panels and toe boxes are both treated with angelic paint jobs and complemented by soft suede mudguards and heel panels that are dripped out in its titular shade. Holographic collar logos are treated with their traditional green tints while the Jumpman logos that rest on the tongues and Jordan-tagged labels on the lower throat are dialed to a “True Red” hue.The gallery above has close-up shots of the pair thanks to Stadium Goods, which currently has early pairs listed up for sale on its site. If you’d rather wait on the public release, mark your calendars for July 1 as Nike and other retailers will be launching them for $210 USD.For other news, check out a look at the Air Jordan 2 Low “UNC” colorway.

With the 2023/24 football season just around the corner, adidas has returned with another boot collection — and it sees the classic X Crazyfast boot join the “Nightstrike Pack.”The new collection — which is spearheaded by the X Crazyfast — also includes adidas’ COPA Pura and Predator Accuracy. However, for the X Crazyfast, the triple-black look is complemented by a tiny speckle of iridescence that sparkles through the forefoot Three Stripe branding and the “Crazyfast” typography on the medial side.Additionally, the X Crazyfast includes a replacement of its past-used carbon soleplate insert. Instead, the boot opts for AEROPLATE technology, making the boot five grams lighter. This update provides enhanced comfort and responsiveness, while still offering the same propulsion and dynamic movement, with the stud design built to optimize traction during rapid acceleration.Rounding off the collection, the Predator Accuracy and COPA Pure are introduced in complete darkness, with the latter being fitted with a Hybrid Touch upper and High Definition Grip rubber elements. The latter is then complemented by a quilted leather forefoot.You can take a closer look at the new “Nightstrike Pack” above and it is available to shop via select retailers now.In other footwear news, check out the new YEEZY SLIDE.