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In
1962, Phil Knight, a twenty-four year old sports enthusiast, traveled
to Japan to pursue his dream of starting a sporting goods company.
Returning to the U.S. with a distribution contract, he contacted
his track coach, Bill Bowman about the deal. On a handshake, the
two formed a new company, Blue Ribbon Sports.
Bill
and Phil each chipped in $550 to start the new company. Phil traveled
to track meets and sold running shoes out of the back of his car.
Bill, who is credited with inspiring the running craze, founded
the nations first running club, wrote the book Jogging, and
experimented with shoe design, by pouring rubber into his waffle
iron.
In 1966 they opened their first store in Santa Monica, California
selling Onitsuka Tiger shoes. Not satisfied with the Japanese name
or shoe design, they decided to design their own. In 1972, their
first full-time employee suggested a new name for the company. With
boxes of shoes waiting to be shipped from a manufacturing plant
in Mexico, they needed a new logo to go with the new name. Phil
paid a graphic design student, Carolyn Davidson, at Oregon State
University $35 for a logo that he didnt really care for. He
had to use it; he had orders to fill right away.
Their
first big break came in 1973, when worldwide track star Steve Prefontaine
wore their sneakers, showing them off to global audiences.
Knight
started with a vision, wrote a term paper about it at Stanford,
and persevered through a variety of trials and challenges as he
unseated Adidas, Puma, and Converse. If you havent guessed
already, Blue Ribbon Sports, a.k.a. Nike, is now a $10 billion company,
employing 23,000 worldwide.
Loyal
is a word that friends and colleagues use when describing Phil Knight.
The Nike office campus in Beaverton, Oregon has a rock garden dedicated
to the Japanese businessmen who provided financing for Blue Ribbon
Sports years ago when no one else would. Nike sponsored sports stars,
such as Michael Jordan, are fiercely loyal to the brand and to Knight.
What
ever happened to that graphic designer who received $35 for the
Nike Swoosh? In another stunning display of loyalty, in September
1983, Knight summoned her to corporate headquarters to present her
with a Nike Swoosh diamond ring and a generous stock package.
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