Get Rich City - Phil Knight

Phil Knight

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Philip H. Knight (born February 24, 1938) is the co-founder and former CEO of Nike, Inc. and the majority shareholder in Will Vinton Studios, which was renamed Laika Entertainment House in 2005. Knight is also known for his monetary support of the University of Oregon, where he received his bachelor's degree in accounting in 1959. Knight received his MBA from Stanford Graduate School of Business in 1962.

Knight's 35% stake in Nike, Inc., has a recent net worth of $7.4 billion (US), which makes him the 22nd richest American.

Knight stepped down as the company's CEO and President on December 28, 2004, while retaining the position of chairman of the board. He was replaced by William Perez, former CEO of S.C. Johnson & Son, Inc.

Knight was named a "Corporate Crook" in Michael Moore's book Downsize This! in 1997. The book cited the harsh conditions in Indonesian sweatshops, where pregnant women and girls as young as fourteen years old sewed shoes for the company. Moore went to Knight in the hopes of convincing him to fix this problem. That interview can be seen in Moore's film The Big One.

Knight pledged in 1998 to impose more stringent standards for the factories that Nike hires to make its goods, including minimum age standards, factory monitoring and greater external access to Nike's practices.

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