NIKE PRESIDENT TREVOR EDWARDS RECEIVING $525,000 PAYOUT AMID ALLEGATIONS OF MISCONDUCT

Trevor Edwards whom many thought would take over as Nike CEO one day will be leaving his post as President amid allegations of improper conduct and demeaning treatment of female employees at the company according to a detailed report by The Wall Street Journal. As part of his departure, Edwards will receive a $525,000 USD buyout. Edwards will also have about $9 million of unvested stock awards at the end of his employment.