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Nike CEO John Donahoe Was Paid $32.8M USD Last Fiscal Year

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.Click here to view full gallery at Hypebeast

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