October 2012

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October, 2012

The Men of The Tenth Inc. Teaching the Truth to the Youth

Know Your Worth By: LaVon Williams

On September 8, 2012, Phil Knight founder and chairman of Nike was inducted into the Naismith Basketball Hall of Fame. Knight is one of the few individuals to be inducted in the Basketball Hall of Fame without playing the sport. He was inducted into the Hall of Fame for what his shoe company did for the game of basketball and business. However, Knight’s contribution may not have happened if it were not for two people. These two people are Michael Jordan and John Thompson. During Knight’s Hall of Fame induction he recognized that he would not have excelled in the shoe industry without the help of Jordan and Thompson. Therefore, he asked for both of these men to introduce him into the hall. What is amazing about these three men collaborating in business is that it resulted in Knight becoming one the richest men in the world. According to Forbes, Knight’s net worth is about 14.4 billion dollars. Currently, his company Nike owns 95% of the market share in basketball shoes. On the other hand, it is unfortunate that the


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