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Mark Parker, Nike, Inc. CEO and chairman, has seen his annual earnings with the company more than triple over the past fiscal year.
Under the 2016 fiscal calendar, Parker pulled in approximately $47,615,302. In 2015, Parker’s earnings circled roughly $16.5 million.
This massive increase in earnings is due in large part to Parker’s stock awards, which are valued at $33.5 million as opposed to $3.5 million in the prior year.
In a new Nike filing, the company states that the brand awarded Parker the stocks due to his leadership and success steering the ship in light of former chairman Phil Knight stepping down.
