Philip Hampson Knight

Nike Inc. Chairman Phil Knight said Monday that he had replaced Chief Executive William D. Perez after only a year on the job because the former S.C. Johnson & Son Inc. leader could not make the transition from the household products industry to head the world's largest athletic-shoe company.

Philip H. Knight, founder and chairman of Nike Inc., has pledged $105 million to help build a new campus for Stanford University's Graduate School of Business. It is the largest single donation to a U.S. business school, according to an accreditation agency. The eight-building, 340,000-square-foot complex will be called the Knight Management Center, Stanford said in a statement. Knight's gift will finance $100 million of the project's $275-million cost.

Philip H. Knight, founder and chairman of Nike Inc., has pledged $105 million to help build a new campus for Stanford University's Graduate School of Business. It is the largest single donation to a U.S. business school, according to an accreditation agency. The eight-building, 340,000-square-foot complex will be called the Knight Management Center, Stanford said in a statement. Knight's gift will finance $100 million of the project's $275-million cost.

Nike Inc. Chairman Phil Knight said Monday that he had replaced Chief Executive William D. Perez after only a year on the job because the former S.C. Johnson & Son Inc. leader could not make the transition from the household products industry to head the world's largest athletic-shoe company.

In Michael Moore's muckraking new film, "The Big One," he has included about five minutes from his two interviews with Phil Knight, the chief executive of Nike. In the footage, he asks Knight whether it's OK with him that Nike employs 12-year-olds in its Indonesian factories. Knight says they aren't 12, they're 14. And does that bother him, asks Moore. The answer: No. Nike has decided to take public exception to this representation of Knight's views.

The richest of the rich in America is worth $2.8 billion, while the poorest of the rich checks in at a mere $150 million. But who's counting? Forbes magazine, that's who, and its 1985 list of the nation's 400 richest people is topped by Sam Moore Walton of Bentonville, Ark., who has made $2.8 billion through his Wal-Mart discount stores. Walton, who danced a hula on Wall Street last year when profit goals were met, replaced Gordon Getty, the front-runner for the past two years.

From the average Joe to the most bloated fat cat, Americans have more money. But the richest are a lot richer and their ranks have swelled by nearly a third. The 1996 annual ranking of the 400 wealthiest Americans by Forbes magazine includes a record 121 billionaires, 27 more than last year. The ranking appears in the magazine's Oct. 14 issue, released Sunday. Bill Gates and Warren Buffett again lead the list with a combined fortune between them of $33.5 billion.

Here is Forbes magazine's 1988 list of the 400 richest Americans in descending order of wealth, showing estimated fortune in millions, residence, source of wealth and age. Duplicated numbers represent ties; boldfaced entries are used to designate Californians. 1) Sam Moore Walton, $6,700, Bentonville, Ark., Wal-Mart Stores, 70. 2) John Werner Kluge, $3,200, Charlottesville, Va., Metromedia, 75. 3) Henry Ross Perot, $3,000 Dallas, Electronic Data Systems, 58.

In Michael Moore's muckraking new film, "The Big One," he has included about five minutes from his two interviews with Phil Knight, the chief executive of Nike. In the footage, he asks Knight whether it's OK with him that Nike employs 12-year-olds in its Indonesian factories. Knight says they aren't 12, they're 14. And does that bother him, asks Moore. The answer: No. Nike has decided to take public exception to this representation of Knight's views.