1. Nike's Knight Stepping Down

    Nike's Knight Stepping Down

    NEW YORK (AP) Nike Chairman Phil Knight plans to step down, and says he wants President and CEO Mark Parker to succeed him. Knight, 76, says he plans to stay involved with the company after he steps down as chairman. Parker has been Nike's president and CEO since 2006. Nike Inc. says it expects to name a new chairman in 2016, but no specific date was set for Knight's departure. Phil Knight co-founded Nike and has been a director of the company since 1968...

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