In 2025 Nike’s seven highest paid executives were paid a combined $101,255,247.
If you assume the average Nike corporate employee in Beaverton makes $115,000/year, that means in 2025 those seven executives made the same amount of money as 880 Beaverton employees. Combined.
Remind me, how many Beaverton employees were or will be let go this week? Isn’t that number in the same neighborhood as 880?
Sometimes I wonder, “Why do facts like THIS never seem to garner the attention, and understandable anger, they deserve?” I mean, if those execs were simply paid half that amount they’d STILL be incredibly well-compensated and incredibly wealthy. And 440 jobs could have been kept with no net, negative outcome to Nike’s financial bottom line.
But that wasn’t a priority, was it?
Even now, those execs could voluntarily take a substantial pay cut as a gesture of good will towards those employees laid off and those who remain. But does anyone want to bet money on that happening? Yeah, I wouldn’t make that bet either.
There’s plenty to be mad about with these layoffs. Unfortunately most people will continue to ignore the gross, frankly disgusting pay inequity that - as I demonstrated above - had a direct and negative impact on hundreds of employees and the families who rely on those people.
If you aren’t fuming mad, you aren’t paying enough attention to the corporate looting that’s occurring right under your noses.