CAN NIKE STILL DO IT WITHOUT PHIL KNIGHT?
[Back to top] April 4, 2005 By Daniel Roth Sneaker guru Phil Knight has stepped down as CEO of the most powerful shoe company in the world, passing off the shoelaces to his successor, Bill Perez, formerly of the S.C. Johnson company. Although Nike has experienced ups and downs throughout its 32-year span, its current $23 billion market cap is more than three times that of Adidas, the No. 2 sneaker seller in the world. Nike makes 40% of all branded athletic footwear sold in the United States — an amazing feat for a company where the managerial style is loose, laid-back, and sometimes absent. No one at Nike can put a finger on the secret to Knight’s success, but everyone there agrees that Bill Perez has big shoes to fill as he tries to get a handle on the inner workings of Phil Knight’s kingdom. HOW TO BATTLE THE COMING BRAIN DRAIN [Back to top] March, 2005 By Anne Fisher Since useful advice and business know-how seems to be doled out most often by managers in their 50s and 60s, the pend
