Posts Tagged ‘phil knight’

Nike’s Phil Knight lets go of 5 million Nike Inc. shares,according to the Post Chronicle. Phil Knight is the co-founder and Chairman of Nike,and they report that he sold about $37 million worth of Nike stock earlier this week.

In the last two weeks he has sold about 5 million shares,which adds up to a price range in the area of around $332 million.

Other sources say, “The selling spree began on Oct. 14 when Knight acquired 5 million shares of the company’s Class B stock in exchange for 5 million shares of the company’s more powerful Class A stock.” Read the rest of this entry »