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Author: Admin | 2025-04-28
Success and Travis Knight was then promoted into the roles of Laika CEO and president.[22][23]Death of Matthew Knight[edit]In May 2004, two years after Knight bought Vinton, his son Matthew, aged 34 years, traveled to El Salvador to film a fund-raising video for Christian Children of the World, a Portland nonprofit organization. However, while scuba diving with his colleagues Vincenzo Iannuzzelli and Robert McDonell in Lake Ilopango, near San Salvador, he died from a heart attack 150 feet (50 m) underwater due to an undetected congenital heart defect.[24] Knight and Travis traveled to El Salvador to return Matthew's body to the US.[23] Laika Studio's 2005 short film Moongirl was dedicated to Matthew's memory.[25]Knight resigned as Nike CEO on November 18, 2004, several months after Matthew's funeral [23] but retained the position of chairman of the board.[26][27] Knight's replacement was William Perez, former CEO of S.C. Johnson & Son, Inc., who was eventually replaced by Mark Parker in 2006.[28]In 2011, the Matthew Knight Arena at the University of Oregon was named in his honor.[29]During the 2009–2010 period, Knight was the largest single contributor to the campaign to defeat Oregon Ballot Measures 66 and 67, which, once passed, increased income tax on some corporations and high-income individuals.[30]In June 2015, Knight and Nike announced that he would step down as the company's chairman, with president and CEO Mark Parker to succeed him.[31][32] Knight's retirement from the Nike board took effect at the end of June 2016. In September 2017, Knight decided to come out of retirement to put black back in the UNC jerseys for the Phil Knight Classic in Portland, Oregon.[33][34]Knight's memoir, Shoe Dog, was released on April 26, 2016, by Simon & Schuster, was rated fifth on The New York Times Best Seller list for business books in July 2018,[35] and details the building of the Nike brand, from importing Japanese shoes to being part of a federal investigation.[36][37]As of July 2021, Knight has a net worth of $60.8 billion.[38] In 1990, Knight founded the Philip H. Knight Charitable Foundation Trust.[39] As of 2016, according to Portland Business Journal, "Knight is the most generous philanthropist in Oregon history. His lifetime gifts now approach $2 billion."[40] In 2023, Knight was America's second largest donor with $1.2 billion in giving.[41]Stanford University[edit]In 2006, Knight donated US$105 million to the Stanford Graduate School of Business, which, at the time, was the largest ever individual donation to a U.S. business school. The campus was named "The Knight Management Center," in honor of Knight's philanthropic service to the school.[42]In 2016, it was announced that Knight contributed $400 million to start the Knight-Hennessy Scholars graduate-level education program inspired by the Rhodes Scholarship.[43] Graduates are charged to tackle global challenges, such as climate change and poverty. The first class of 51 scholars from 21 countries was scheduled to arrive at Stanford in the fall of 2018.[44][45][46]In May 2022, it was announced that Phil and Penny Knight gifted Stanford $75 million to establish the Phil and Penny Knight Initiative for Brain
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