Nike, the world's largest athletic-shoe company, said Monday that CEO William Perez, who just joined the company in 2004, resigned over differences with company founder and Chairman Philip Knight and was replaced by Mark Parker, co-president of the Nike brand
Nike said in a regulatory filing that Perez, after being with the company only one year, will be paid two years' salary at $1.4 million a year as part of his severance package. Perez will also be paid a bonus of at least $1.75 million for 2006. The company added that it will buy Perez's house for $3.6 million, which covers remodeling, etc.
Another example of Corporations that taking our jobs overseas and ripping the public off at the same time. How long are we going to put up with it???
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