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Hi there,
I haven't compared Parker's salary to all companies in its peer group (except for Adidas), but my thoughts are:

1. The overall increase in total comp from $11M to $35M strikes me as very high, given that the increase in net income from $2.1B to $2.2B isn't terribly large. Also, the company's FCF over the last several years has remained flat.

2. Parker's 2012 salary increase is a three-fold increase; much larger compared to the executives below him.

3. I recognize that a big part of the increase is the $20M in restricted stock units, which means he'll have to stick around for 5 years before he earns them. To my mind, Nike will have to do extraordinarily well before that bonus can be justified.

4. When I compare this to the salary increase of the Adidas CEO, Herbert Hainer, it's still huge; Hainer's 2011 increase went from Euro 4.8M to 5.96M, against a net income increase from Euro 567M to 671M.* (Yes, Hainer's 2011 salary is still a smaller percentage of Adidas's 2011 net income, compared to Parker's new salary.)

* Adidas's 2012 stats aren't released yet.

Overall, my gut tells me Parker's 2012 increase was a very, very generous raise. As a shareholder, I'm not sure I would have voted for this, though I recognize the talents of Mr. Parker.

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