When I shared this graphic on Facebook, friend Leen de Weerd-Mosley commented that Nike’s long history of youth exploitation,
… all started with their logo. They held a competition, and paid 50 euros to the student who designed it. Nope, no royalties … Paid $35 in 1971; offered 500 shares worth $150 when it really became public in 1983
At the party in her honour in 1983, an early Nike employee joked, ‘As everyone here knows, (Carol Davidson) invented the Nike swoosh and got paid the outrageous sum of $35 bucks for it’
Davidson was eventually gifted 500 shares of Nike stock worth $150 at that time, that are today valued at nearly $650,000.