Michael Avenatti charged with extortion in NYC

Michael Avenatti, the attorney best known for representing porn actress Stormy Daniels in lawsuits against President Donald Trump, was arrested in New York Monday on charges he tried to extort millions of dollars from Nike. (March 25)

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US fencer Ibtihaj Muhammad on France hijab row

Interview with US fencer Ibtihaj Muhammad, who weighed in on the row over the marketing of a sports version of the hijab Muslim headscarf in France. She spoke to AFP after taking part in the Nike show to present women’s World Cup football jerseys in Paris last night. It is the first time the kit has been specifically designed for women players, who had previously worn the same jerseys as their male counterparts.

How Tim Cook Makes And Spends His Millions

Apple CEO Tim Cook’s estimated net worth is $625 million, lower than most of his tech CEO peers, and he spends his wealth much more frugally than many others. His leadership at Apple has led to a shift in philanthropic giving.

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Following is a transcript of the video:

Tim Cook is worth an estimated $625 million. As the CEO of Apple, he’s the first openly gay CEO in the Fortune 500. And in 2018, Apple became the first US company ever to be worth $1 trillion. But compared to his counterparts in the tech world, his net worth is pretty modest. Google founder and Alphabet CEO, Larry Page, is worth $53 billion. Facebook CEO, Mark Zuckerberg, is worth just under $70 billion. And Amazon CEO, Jeff Bezos is the first person in modern history to accumulate a fortune north of $100 billion

Cook doesn’t lead a lavish lifestyle and has said, “I like to be reminded of where I came from, and putting myself in modest surroundings helps me do that.” The Alabama native had a humble start in life as the son of a shipyard worker and pharmacy employee.

When he was promoted as Apple’s CEO in 2011, his base salary was $900,000, and has risen to $3 million in 2017. He also receives a cash incentive based on the company’s performance, which pushed his total pay for 2017 to over $12 million. But his net worth consists mainly of $622 million worth of Apple’s stock and options he has collected since becoming CEO. And $3.4 million of Nike stock options he gets as a member of Nike’s board of directors.

So, how does Apple’s leader spend his fortune? Quite differently than other CEOs of tech giants. In 2012, he bought a 2,400 square foot home in Palo Alto, for $1.9 million, the median cost of a home in Palo Alto in 2018 is $3.3 million. And his frugality doesn’t stop at the housing market. He reportedly buys his underwear at Nordstrom’s semi-annual sale.

But Cook does splurge when it comes to donating to good causes, a philosophy that differs from that of his predecessor, who lacked a record of public giving. He encourages his employees to give and has led Apple into many philanthropic endeavors. In 2011, he instated a company-wide, nonprofit donation matching program. Over the past 10 years, Apple has contributed $130 million to help RED fight AIDS, $100 million to advance diversity in tech, through President Barack Obama’s Connected initiative, $50 million to hospitals, and more.

Cook practices what he preaches, too. He’s donated to civil rights efforts and in 2018, he donated more than 23,000 shares of his Apple stock, valued at just under $5 million to an undisclosed charity. He also regularly makes campaign donations. He’s hosted fundraisers for Barack Obama and Hillary Clinton and in 2016, he donated $236,000 to the Hillary Victory Fund.

Cook’s altruism even applies to his future financial plans. He intends to use his wealth to put his nephew through college. And upon his death, he plans to give away all his money to good causes. He told Fortune magazine, “You want to be the pebble in the pond that creates the ripple for change.” 

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How Tim Cook Makes And Spends His Millions

Pressure ramps up on Ronaldo amid rape investigation

Just a few days after Cristiano Ronaldo was accused of raping a woman in a Las Vegas hotel in 2009, the football star has been left out of the Portuguese national squad for its upcoming matches in October and November, and Nike has taken the rare step of expressing concern about one of its own athletes. Kathryn Mayorga, an American former model, decided to go public with her allegations as a result of the #MeToo movement, her lawyer says.

Jenifer Lewis supports Colin Kaepernick

(18 Sep 2018) ‘Black-ish’ actress Jenifer Lewis sported a Nike ensemble at the Primetime Emmy Awards, saying she chose the outfit “in support of Colin Kaepernick’s protest against police brutality and racial injustice.” (Sept. 18)

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Jenifer Lewis in Nike, Johansson a goddess at Emmys

(18 Sep 2018) Stars made a parade of fashion on the Emmys new gold carpet including Jenifer Lewis of “black-ish” fame in Nike and Scarlett Johansson in a white Balmain gown. (Sept. 17)

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Regina Hall on Kaepernick: ‘I’m gonna go buy some extra Nikes’

(10 Sep 2018) Stars of police brutality drama “The Hate U Give” express their admiration for Colin Kaepernick and discuss Nike’s decision to employ him in their latest ad campaign. (Sept. 10)

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Trump talks NYT ‘treason,’ Nike and Kavanaugh

(6 Sep 2018) At a rally in Montana, President Trump said that the anonymous New York Times op-ed criticizing him is “treason.” Later, he went on to discuss Nike’s ad campaign with former NFL player Colin Kaepernick and Supreme Court nominee Brett Kavanaugh. (Sept. 6)

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NYFW opens with celebration of inclusivity

(6 Sep 2018) At the start of New York Fashion Week, the Runway of Dreams foundation presented a fashion show featuring people with disabilities wearing adaptive clothing by Nike, Tommy Hilfiger and Target. (Sept. 6)

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LeBron James says in Kaepernick reference: I stand with Nike

(5 Sep 2018) LeBron James says ‘I stand with Nike’ after Colin Kaepernick ad. James made the remarks as he received an award for both his style and his philanthropy from the Harlem’s Fashion Row fashion collective. The Manhattan dinner was presented by Nike, and a new LeBron James signature women’s sneaker was revealed, designed by three female designers. (Sept. 5)

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