Can You Believe How Much Money Nike CEO Mark Parker Made Last Year?
Last year was a great year for the Nike brand as a whole. Not only did Nike release a lot of dope sneakers and keep the sneakerheads laced with all kinds of retro and new sneakers. But in the process of doing it, they also made a lot of money. Like, a lot of money. So much money that, according to The Wall Street Journal, Nike CEO Mark Parker ended up banking quite a bit of money himself over the course of the last year.
How much money? Well, first, let’s begin by talking about how much money Nike made. In total, they enjoyed a revenue increase of approximately 10 percent last year and ended up making about $27.8 billion—yes, billion with a “b”—in the last fiscal year. Obviously, that’s not what their net income was, seeing as how they also had to spend quite a bit of money on advertising, marketing, and endorsement deals. But even with all other things considered, they still managed to make a net total of just under $3 billion. Not bad, right? Not bad at all.
And because of all the success that Nike enjoyed last year, Parker made out well, too. His annual base salary is $1.5 million, which wouldn’t be bad in and of itself. But thanks to Nike’s big year, Parker also earned $3.5 million in stock, $2.5 million in stock options, and a whopping $6.5 million bonus. So all told, he made almost $15 million last year for heading up Nike and leading them to win after win after win. And when you consider that he was “only” supposed to make about $1.5 million, it really gives you a sense of just how well he did personally last year.
Will his success—and Nike’s success—continue over the next year? Let’s just say we wouldn’t bet against him or Nike. It’s definitely not going to be easy to do, given how the sneaker game works. But if Nike keeps putting out superior products and Parker helps the company stay on top of all the latest trends, then we fully expect Parker to enjoy another big payday in 2015.
Do you think that Parker deserves $15 million to serve as the CEO of Nike? Let us know in the comments section below.