Nike Paid CEO $104 Million as It Lost $40 Billion in Market Cap

Nike Inc. spent nearly $104 million on pay and benefits for John Donahoe during his near five-year tenure atop the sneaker-maker, before replacing the former Bain & Co. executive in a bid to revive the brand.

During that time, Nike lost nearly $40 billion in market value.

Donahoe collected $83.6 million from salary, bonuses and shares granted to him, according to calculations by Bloomberg News based on regulatory filings.

John Donahoe

Photographer: Roy Rochlin/Getty Images

While the haul isn’t unusual for a chief of a high-profile publicly traded business, it serves as a reminder of how bosses can collect astronomical sums even during controversial runs ...