August 15, 2005 |
Paul Fireman's two-decade career with Reebok International Ltd., which agreed this month to be acquired by Adidas-Salomon for $3.8 billion began at an industry trade show in Chicago 26 years ago. Fireman spotted an impressive display of running shoes by Reebok, an obscure British brand bearing the name of an African gazelle. Fireman, then 35 and coming off some setbacks in the sporting goods business, bought U.S. distribution rights to the shoes for $65,000.
May 26, 1988
National Football League owners voted to increase rosters to 47 players and approved the conditional sale of the New England Patriots to Reebok International Chairman Paul Fireman before adjourning their annual spring meeting Wednesday in Miami Beach. Representatives of the league's 28 teams also authorized NFL officials to renegotiate a five-year contract with the sporting goods company that has supplied the official game ball since 1941.
July 27, 1990 |
One of the nation's highest-paid executives--Reebok International Chairman Paul Fireman, who earned $14.6 million last year--might make as little as $1 million under a new compensation package that the footwear company announced Thursday. Other companies--from L.A. Gear to Walt Disney--have also taken steps to alter fat compensation packages for top executives, which have drawn the ire of some employees and stockholders.
May 21, 1991 |
For a fellow taking a serious cut in pay, Paul B. Fireman is looking very chipper these days. In part, that's because Fireman--as chairman, president and chief executive of sneaker marketer Reebok International--still figures to earn as much as $2 million this year in salary and bonuses. It's a far cry from the $14.8 million he pocketed last year, but not too shabby. Perhaps more importantly, Fireman's company--after stumbling for a few years and being outpaced by archrival Nike Inc.