Perhaps, Larry Miller Shoulda Stayed @ Nike?

[ABM]

Dang.......

http://www.oregonlive.com/business/index.ssf/2010/08/phil_knight_sheds_27_of_nike_s.html

 

[BrianFromWA]

somehow, I think he might've kept a share or two in the 401(k).

 

[maxiep]

According to some, he took the Prez job because he--along with some other Nike execs--will purchase the team from PA or PA's estate. This job is a training ground for him to learn on-the-job. Besides, I don't think an extra few million dollars are going to matter much to Larry.

 

[ABM]

According to some, he took the Prez job because he--along with some other Nike execs--will purchase the team from PA or PA's estate. This job is a training ground for him to learn on-the-job..

Interesting.

Never had heard that take.

 

[jlprk]

27% is high, but Phil Knight hasn't been doing this for long. In the last 12 months, Bill Gates sold 148.5M shares of Microsoft, leaving him with 641M shares. So he sold 19%.

He's been doing this for 10 years, timing sales to cause the price to stay stable and not drop. So long-term owners have seen no profit.

I figure 6 years from now he'll be out and the price will move.