When former Nike Chief Executive William Perez resigned last January after a little over a year on the job, he got a severance package worth $5.5 million, including $2.8 million that represents two years' base salary and a $1.75 million bonus for 2006 even though he didn't serve for most of the year. Nike accelerated the vesting of restricted stock -- allowing Perez to take another $11 million.
Nike also purchased his Portland, Ore., home for the price he paid, $3.18 million , and picked up the tab on $574,649 worth of renovations Perez made at the home. They offered $56,500 to cover prepaid athletic club fees if he quits the gym.
I just couldn't believe he didn't hold out for a couple of pair of Air Max 360's !
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His gym membership was $56,500?!?! Are the bikes in the spin class encrusted with diamonds or something?
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