Nike's chief executive, Mark Parker, saw his compensation increase by nearly 15 percent to $16,819,730 in the financial year ended last May. The greater part of the rise came from incentive compensation, which grew to more than $4 million from $2.5 million in the previous year, in direct relation to the company's annual financial performance. In fiscal 2015 Nike's sales increased by 14 percent to $30.6 billion, or 10 percent including currency charges, while profit jumped 22 percent to nearly $3.3 billion. In addition, the company's board has recently approved a $30 million stock award for Parker, which he will get in full if he is still with Nike in five years' time. In 2014 Parker, who is now 59, received a $10,000 bonus in honor of his 35th year with Nike. Parker has been chosen as the successor to the group's founder and chairman, Phil Knight, who said he will step down some time in 2016.

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