Word: nike
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Dates: during 1980-1989
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...more than in 1980. During the past 18 months, hundreds of people became millionaires or multimillionaires when shares in their new companies were sold to the public for the first time. Among the stock winners: Bill Saxon, 53, of Saxon Oil Co. ($212 million); Philip Knight, 43, of Nike athletic shoes ($178 million); Herbert Boyer, 45, and Robert Swanson, 34, of Genentech ($32 million each...
...crazes and entrepreneurs sometimes come together with timing worthy of the Great Wallendas. Such was the case with the fitness mania and Phil Knight, 43. His company, Nike Inc., of Beaverton, Ore., now designs and sells $500 million worth of shoes a year. Nike sells shoes for jogging, basketball, tennis, football, baseball, soccer, volleyball, wrestling, hiking and even just walking...
...Rapide ($165) to a $2,000 Gios Torino, plus plastic helmets and even eyeglasses with rear-view mirrors. The latest boom: distance swimming, which already accounts for another $1 billion in swimming pools, goggles, fins, etc. Even walking has become a fitness fad. Major sport shoe companies such as Nike and Etonic will be pacing the market with new models ranging from $55 to $70. The almost new field of sports medicine is now a legitimate $2 billion specialty. The total bill by year's end: more than $30 billion. The surest indicator of the current dominance of fitness...
Soccer fans may have recognized a few old women's soccer personalities who dropped in to cheer their old team to victory. Former captain ELLEN HART '80, still running and back in Boston consulting Nike on new products, and SALLY GOLDSBERRY '80, currently studying at the Law School, braved the cold and wet to watch the Crimson dissect Smith...
...firms with goods as diverse as pipeline-corrosion monitors, coin-operated electronic games, nutritional foods and hair care products have all been able to sell their shares. In the largest offering yet this year, Nike Inc., maker of the popular running shoes, sold 2.3 million shares last week at $22 each. John Muir & Co., an investment banking firm in New York City, even succeeded in launching a public offering to get the backing for a Broadway show called The Little Prince...