Nike founder Phil Knight announced that he’s stepping down from his position as chairman of the company’s board. Knight, 77, says he would like current CEO Mark Parker to take his place.
American Public Media’s radio program Marketplace asked Patrick Rishe, director of Olin’s Sports Business Program, about Nike’s strengths compared to its sports gear rivals Adidas and Reebok. Rische says Nike has stayed ahead of the pack with outstanding marketing.
Read or listen to Marketplace here.
