Tarnished Nike Executive Is Slated to Receive $525,000 Payout
Two Nike Executives Leave Amid Reports Of Improper Conduct
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The Nike Inc. executive who resigned last week amid a companywide internal review of inappropriate behavior is poised to leave with a $525,000 payout.
Trevor Edwards, the former president of the Nike brand and a one-time candidate to become the next chief executive officer, will officially depart in August after a stint as an adviser to Chief Executive Officer Mark Parker. At that point, a noncompete agreement kicks in that will pay Edwards the $525,000 over the next year in monthly installments, according to regulatory filings.