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63-482: Pacific Palisades was founded in early 1922 by Methodists who migrated west. In September 1924, the fledgling Methodist-based community's governing body, the Pacific Palisades Association, began publishing a monthly news sheet known as the "Progress," edited by Thomas R. Gettys. Each issue carried local church and social items and the latest real estate sales in a town being marketed with the slogan "Where

126-607: A Certified Public Accountant , first with Coopers & Lybrand , and then Price Waterhouse . Knight then became an accounting professor at Portland State University . Immediately after graduating from the University of Oregon, Knight enlisted in the Army and served one year on active duty and seven years in the Army Reserve . He next enrolled at Stanford Graduate School of Business , where, for his small business class, Knight produced

189-656: A US$ 30 million commitment toward the Autzen Stadium expansion project and offered no further donations to the university. In a public statement, Knight criticized the WRC for having unrealistic provisions and called it misguided, while praising the FLA for being "balanced" in its approach. In the face of ongoing conflict with students, Frohnmayer sided with Knight's assertion that the WRC was providing unbalanced representation, and in October 2000

252-457: A better life. The speech was later published as an op-ed in USA Today. Inspired by Warren Buffett and Bill Gates ' Giving Pledge , he and his wife created a trust that provides for 90% of their estate to go to charity upon their death. Smolinisky serves on the board of directors of Homeboy Industries , a gang intervention organization founded by Jesuit priest Fr. Gregory Boyle and serves on

315-416: A copy. "It is with the confidence that an alert, constructive-spirited newspaper, distinctive in format and devoting itself resolutely in its news and editorial columns to making Pacific Palisades the business, banking, school and religious center of the north shore section...will meet with a hearty welcome from the residents of Pacific Palisades and the surrounding sections that the publisher herewith presents

378-532: A games room for the players that includes flat-screen televisions and foosball machines, and a cafeteria. In November 2015, it was announced that Knight and his wife would be donating $ 19.2 million towards a new sports complex project at the University of Oregon. The plans for the 29,000 square foot complex was announced in September. Construction started in January 2016 and ended in September 2016. The sports complex

441-463: A heart attack 150 feet (46 m) underwater due to an undetected congenital heart defect. Knight and Travis traveled to El Salvador to return Matthew's body to the US. Laika Studio's 2005 short film Moongirl was dedicated to Matthew's memory. Knight resigned as Nike CEO on November 18, 2004, several months after Matthew's funeral but retained the position of chairman of the board. Knight's replacement

504-510: A notional Mount Rushmore for the university. Knight was one of the four final choices, along with Ducks track legend Steve Prefontaine ; current NFL player Marcus Mariota , the 2014 Heisman Trophy winner; and Sabrina Ionescu , who had just completed an epic college basketball career for the Ducks . Knight met his wife, Penelope "Penny" Parks, while he was working at Portland State University and they were married on September 13, 1968. They own

567-457: A paper, "Can Japanese Sports Shoes Do to German Sports Shoes What Japanese Cameras Did to German Cameras?", that essentially foretold his eventual foray into selling running shoes. His ambition was to import high-quality and low-cost running shoes from Japan into the American market. He graduated with a master's degree in business administration from Stanford in 1962. Knight set out on a trip around

630-576: A partner with Knight and provide product design ideas. The two men agreed to a partnership by handshake on January 25, 1964, the birth date of Blue Ribbon Sports , the company that would later become Nike. Knight's first sales, were made out of a now storied green Plymouth Valiant automobile at track meets across the Pacific Northwest . By 1969, these early sales allowed Knight to leave his accountant job and work full-time for Blue Ribbon Sports. Jeff Johnson, Nike's first employee, suggested calling

693-595: Is an American entrepreneur/investor and part-owner of the Los Angeles Dodgers Major League Baseball franchise. In June 2022, Smolinisky partnered with Nike founder Phil Knight and submitted an offer of more than $ 2 billion to purchase the Portland Trail Blazers National Basketball Association franchise. Smolinisky began his career in commercial real estate in the late 1990s while attending

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756-618: Is most closely associated with Berkshire Hathaway chairman Warren E. Buffett and vice chairman Charlie T. Munger . Smolinisky and Chen manage their own personal capital from Los Angeles with investments in commercial real estate, publicly traded securities, energy, capital equipment leasing and venture capital. Smolinisky became an owner of the Los Angeles Dodgers and the team's home, Dodger Stadium , in 2019, joining partners Mark Walter , Earvin "Magic" Johnson , Peter Guber , Bobby Patton, Todd Boehly and Billie Jean King . In

819-587: Is my favorite place on Earth, and the Palisadian-Post is my favorite newspaper" and "I have a moral obligation to make sure this newspaper is published every Thursday for as long as I live." Smolinisky has added breaking news email alerts, opened up a booth at the Sunday farmer's market, sponsored the town spelling bee, started a speaker series, added Sudoku, expanded the popular 2 cents worth column, and addressed some delivery problems. Bill Bruns, who had been editor of

882-425: Is my favorite place on Earth, and the Palisadian-Post is my favorite newspaper." Shortly after his purchase, Smolinisky shut down the printing business, replaced most of the staff, and sold the paper's longtime building due to the printing operation being outsourced. Some community members were upset with the abrupt changes. The paper currently has 17 staff members at headquarters in the Palisadian-Post building in

945-457: The Eugene Weekly reported Frohnmayer stating that: ... he would refuse to pay dues to the WRC based on a legal opinion from UO General Counsel Melinda Grier arguing that to do so would be illegal and open the university to liability. Grier claimed the WRC had not yet incorporated, had not yet filed as a non-profit, and served no public purpose justifying a dues payment. On February 16, 2001,

1008-528: The Knight-Hennessy Scholars graduate-level education program inspired by the Rhodes Scholarship . Graduates are charged to tackle global challenges, such as climate change and poverty . The first class of 51 scholars from 21 countries was scheduled to arrive at Stanford in the fall of 2018. In May 2022, it was announced that Phil and Penny Knight gifted Stanford $ 75 million to establish

1071-517: The Oregon University System enacted a mandate that all institutions within the system choose business partners from a politically neutral standpoint, barring all universities in Oregon from joining either the WRC or the FLA. Following the dissolved relationship between the university and the WRC, Knight reinstated the donation and increased the amount to over US$ 50 million. Also controversial

1134-514: The San Diego –based Arrowhead General Insurance Agency, and grew the business into a nationwide organization, with written premiums of nearly US$ 1 billion when he sold the company in 2006. In October 2008, Knight and his wife pledged US$ 100 million to the OHSU Cancer Institute, the largest gift in the history of Oregon Health & Science University . In recognition, the university renamed

1197-451: The University of Southern California . Smolinisky partnered with his then landlord Brian Chen. Together, through their company Conquest Student Housing, they built and renovated properties around Campus, eventually becoming the largest provider of student housing at USC, and later at the University of California at Santa Barbara . Conquest became so dominant at USC that the university sued

1260-526: The Browns to publish their paper in a broadsheet format (today's standard newspaper format), as opposed to The Palisadian's smaller tabloid size. Charlie and Bill Brown ran a thriving operation, financially and editorially until August 1981, when they sold their business to the Small Family of Kankakee, Illinois. Jean Alice Small, her daughter, Jennifer Small, and her two sons, Len R. Small and Thomas P. Small, led

1323-638: The Mountains Meet the Sea." Thirty-two-year-old Telford Work moved to the Palisades in March 1926 as director of public relations for the Pacific Palisades Association. A journalism graduate from the University of Southern California who had assembled a small chain of local newspapers near Fresno, Work became editor of the "Progress." On May 4, 1928, he launched The Palisadian, an 8-page weekly tabloid that sold for five cents

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1386-628: The Palisades Village and 5,000 paid subscribers. A one-year subscription costs $ 79. Smolinisky was raised in Pacific Palisades by immigrant parents from Argentina. In a 2019 Harvard University talk, Smolinisky described a difficult childhood including being expelled from two schools before the age of 13. From an early age, Smolinisky was a voracious reader of newspapers, financial reports and books about business, and reportedly spends five hours per day reading. He graduated in three years from

1449-582: The Phil and Penny Knight Initiative for Brain Resilience. The initiative will be housed at Stanford's Wu Tsai Neurosciences Institute and is set to study the cognitive decline and degenerative brain diseases such as Parkinson's and Alzheimer's. As of 2023, Knight has donated over one billion dollars to the University of Oregon. It is believed that Knight made his first major contribution in the late 1980s. By 2000 Knight had already contributed over $ 50 million to UO. He

1512-516: The State of Oregon. Knight was responsible for financing the UO's US$ 68 million 145,000 square-foot gridiron football facility that was officially opened in late July 2013. Knight's personal locker in the team's locker room displays the title "Uncle Phil", and other features include a gym with Brazilian hardwood floors, Apple iPhone chargers in each of the players' lockers, various auditoriums and meeting rooms,

1575-430: The University of Southern California's Thornton School of Music in 2001. In 2010, Smolinisky married Caroline Sukits from Indiana. They have three children. Their son Charlie was named after Charlie Munger . In August 2015 at Monterey Car Week , an electric GEM car outfitted as a 1970s Land Rover Defender designed by Smolinisky and pal Sir Lucian Grainge won the award for Rueful Brittania (Best British Car) at

1638-534: The age of 59, his widow Zola took over as editor and publisher. By 1960 she was ready to retire and sell her newspaper to "crosstown" rivals Charles Brown and William Brown, twin brothers who in 1954 had acquired the Pacific Palisades Post, a separate publication that was established in 1950. The Browns immediately consolidated both papers into one operation at 839 Via de la Paz, where two years earlier they had built their own printing plant. The plant enabled

1701-517: The annual Concours d'LeMons. Smolinisky is an advocate for bi-partisan common sense immigration reform pressing for a country that is both welcoming and secure. On August 29, 2022, Smolinisky organized the first ever Naturalization Ceremony held at Dodger Stadium. It was the largest ceremony since the start of Covid. 2,119 new citizens from 120 countries were sworn in on the field. In his speech, Smolinisky described his parents' journey as poor immigrants who sacrificed everything to give their children

1764-494: The athletic department at UO have also led to controversy. In April 2000, student leaders began organizing an anti-sweatshop and fair labor practices campaign, and called for Dave Frohnmayer, president of the school, to support the Workers Rights Consortium (WRC). On April 4, 2000, students began a sit-in at Johnson Hall, the UO's administrative center. In early April, an open meeting of students further demanded that

1827-484: The autonomy of schools in the Oregon University System . On September 27, 2013, Knight announced to the audience at the OHSU Knight Cancer Institute's biennial gala, when he announced his intention to donate US$ 500 million for research if OHSU could match it over the subsequent two years. On June 25, 2015, OHSU met that $ 500 million goal, and Knight announced his upcoming $ 500 million donation, to bring

1890-608: The board of directors for the LA Dodgers Foundation, the official team charity of the LA Dodgers. Smolinisky served on the board of the ACLU of Southern California from 2004 to 2016. Phil Knight Philip Hampson Knight (born February 24, 1938) is an American billionaire businessman and philanthropist who is the co-founder and chairman emeritus of Nike, Inc. , a global sports equipment and apparel company. He

1953-518: The building of the Nike brand, from importing Japanese shoes to being part of a federal investigation. As of July 2021, Knight has a net worth of $ 60.8 billion. In 1990, Knight founded the Philip H. Knight Charitable Foundation Trust. As of 2016, according to Portland Business Journal , "Knight is the most generous philanthropist in Oregon history. His lifetime gifts now approach $ 2 billion." In 2023, Knight

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2016-706: The company under the Sherman Antitrust Act for "monopolizing the student housing market around USC's University Park Campus". The company was sold to a private equity firm and publicly traded REIT in summer 2008 for $ 205 million. After the sale, Smolinisky and Chen focused on public securities investment. Smolinisky and Chen are value investors, an investment paradigm that derives from the ideas on investment that Benjamin Graham and David Dodd began teaching at Columbia Business School in 1928, focusing on acquiring assets below their intrinsic value. Today, that movement

2079-423: The company's board with the cooperation of Nike executives. In late 2003, Knight appointed his son to the board and, after Vinton had stepped down—prior to leaving the company with a severance package—Knight rebranded the company Laika . He then invested $ 180 million into Laika, and the studio released its first feature film, Coraline , in stop motion , in 2009. Coraline was a financial success and Travis Knight

2142-704: The company's chairman, with president and CEO Mark Parker to succeed him. Knight's retirement from the Nike board took effect at the end of June 2016. In September 2017, Knight decided to come out of retirement to put black back in the UNC jerseys for the Phil Knight Classic in Portland, Oregon. Knight's memoir, Shoe Dog , was released on April 26, 2016, by Simon & Schuster , was rated fifth on The New York Times Best Seller list for business books in July 2018, and details

2205-472: The firm "Nike," named after the Greek winged goddess of victory , and Blue Ribbon Sports was subsequently renamed Nike in 1971. Nike's " swoosh " logo, now considered one of the most valuable logos in the world, was commissioned for $ 35 from graphic design student Carolyn Davidson in 1971. According to Nike's website, Knight said at the time: "I don't love it, but it will grow on me." In September 1983, Davidson

2268-435: The first issue of The Palisadian," Work wrote in his front-page introduction. The lead story announced that $ 1 million was being spent to pave Marquez Avenue (now Chautauqua) and plant trees along the community's link with Santa Monica Canyon. On September 7, 1934, Work sold The Palisadian to his friend Clifford D. Clearwater, who in 1922 had been one of the first settlers in the community with his young wife, Zola. In fact,

2331-422: The first of their three children was the second child ever born in the Palisades. Although untrained as a journalist (his previous jobs included delivering the mail by horseback as the town's original postal carrier), Clearwater had natural talents that enabled him to serve with distinction as editor, publisher, photographer, and civic leader until his death in 1956. When Clearwater died of a heart attack in 1956 at

2394-414: The late 1990s, Will Vinton Studios animation company sought external investors due to rapid growth. Knight assumed a 15 percent stake in the company in 1998, and his son Travis —who had graduated from Portland State following an unsuccessful attempt at a rap music career—went to work at the studio as an animator. Citing mismanagement, Knight eventually purchased Will Vinton Studios and assumed control of

2457-547: The newspaper until 2012 when they sold the paper to Alan Smolinisky , a real estate entrepreneur born and raised in the Palisades. Thirty-three-year-old Alan Smolinisky purchased the Palisadian-Post, Post Printing and the building located at 839 Via de la Paz on December 5, 2012. In a column in the December 7, 2012 issue of the newspaper, Smolinsky explained his reasons for buying the paper. A January 30, 2013, Los Angeles Times article quoted Smolinisky as saying, "Pacific Palisades

2520-409: The organization Fair Labor Association (FLA) would receive no consideration from the university, as it was perceived as a group founded, funded and backed by Nike and other corporations, and had also been criticized by worker rights advocates as an exercise in dishonest public relations. University President Dave Frohnmayer subsequently signed a one-year contract with the WRC; Knight then withdrew

2583-527: The organization the "OHSU Knight Cancer Institute ." In October 2010, Knight donated several million dollars to the Catlin Gabel School to establish a scholarship for incoming freshmen students. On May 18, 2012, Knight contributed US$ 65,000 to a higher education Political Action Committee (PAC) formed by Columbia Sportswear CEO Tim Boyle. According to Boyle, the PAC will help facilitate an increase in

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2646-480: The paper since 1993, retired after 20 years of service. Smolinisky replaced all of the writers, and sold the paper's longtime building due to the printing operation being outsourced. In September 2013, the newspaper moved into new headquarters in Palisades Village. The paper currently has 19 full-time staff members and over 5,000 paid subscribers (the most in the 87-year history of the paper). A one-year subscription costs $ 79. Alan Smolinisky Alan Smolinisky

2709-553: The purchase was to honor his immigrant father's love of America and baseball. In its 2024 rankings, Sportico estimated the value of the Dodgers at $ 6.3 billion. In 2012, Smolinisky purchased the Palisadian-Post , a subscription based newspaper that serves Pacific Palisades, California . The Palisadian-Post was founded in 1928. A 2013 front-page Los Angeles Times profile of Smolinisky quoted him as saying "Pacific Palisades

2772-624: The rival Oregonian , where he worked the morning shift tabulating sports scores and every morning ran home the full seven miles." Knight continued his education at the University of Oregon in Eugene , where he ran for the famed Oregon track and field program, was a sports reporter for the Oregon Daily Emerald and was a member of Phi Gamma Delta fraternity. Knight earned a business degree (B.B.A.) in 1959 in just three years. That same year, Knight also received his Army Reserve Commission and

2835-478: The team's press release announcing his purchase, Smolinisky said "I'm a lifelong Dodger fan and to now be a part of their ownership group is an exciting opportunity and time for me and my family." In a Time magazine piece written by Smolinisky, he described his poor immigrant father learning to speak English by listening to Vin Scully’s Dodger broadcast while he worked as a janitor. Smolinisky has said

2898-574: The total to $ 1 billion raised. Knight and wife Penny also donated to the Marylhurst Knights Opportunity Scholarship Program at Marylhurst University , a private Roman Catholic university in Marylhurst, Oregon ; as a result, the university named a lawn on their campus "Knight's Green" in the family's honor. In December 2016, Knight disclosed that he had donated $ 112 million in Nike stock to charity. In 2000, Knight

2961-445: The university. In response, athletic director Pat Kilkenny said: "This extraordinary gift will set Oregon athletics on a course toward certain self sufficiency and create the flexibility and financial capacity for the university to move forward with the new athletic arena." At the time, the donation was the largest philanthropic gift in the history of the university. The 2010 construction of the UO basketball team's Matthew Knight Arena

3024-475: The western United States. The first Tiger samples would take more than a year to be shipped to Knight; during that time he found a job as an accountant in Portland. When Knight finally received the shoe samples, he mailed two pairs to Bowerman at the University of Oregon, hoping to gain both a sale and an influential endorsement. To Knight's surprise, Bowerman not only ordered the Tiger shoes, but also offered to become

3087-600: The world after graduation, during which he made a stop in Kobe, Japan , in November 1962. It was there that he discovered Tiger brand running shoes, manufactured in Kobe by the Onitsuka Co. , now known as Asics . Impressed by the quality and low cost of the shoes, Knight called Mr. Onitsuka, who agreed to meet with him. By the end of the meeting, Knight had secured Tiger distribution rights for

3150-570: Was William Perez , former CEO of S.C. Johnson & Son , Inc., who was eventually replaced by Mark Parker in 2006. In 2011, the Matthew Knight Arena at the University of Oregon was named in his honor. During the 2009–2010 period, Knight was the largest single contributor to the campaign to defeat Oregon Ballot Measures 66 and 67 , which, once passed, increased income tax on some corporations and high-income individuals. In June 2015, Knight and Nike announced that he would step down as

3213-492: Was America's second largest donor with $ 1.2 billion in giving. In 2006, Knight donated US$ 105 million to the Stanford Graduate School of Business , which, at the time, was the largest ever individual donation to a U.S. business school. The campus was named "The Knight Management Center," in honor of Knight's philanthropic service to the school. In 2016, it was announced that Knight contributed $ 400 million to start

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3276-420: Was Knight's success in lobbying for former insurance executive Pat Kilkenny to be named as athletic director at the university. Kilkenny had neither a college degree nor any prior experience in athletics administration. He attended but did not graduate from UO, as he left the school with several credit hours still owing. Prior to his appointment at UO, Kilkenny had been the chairman and chief executive officer of

3339-527: Was UO's 2018-2019 honorary degree recipient. Major gifts include funds supporting the renovation of the Knight Library and construction of the Knight Law Center. Contrary to press reports, which claim that Knight financed the whole library renovation project, Knight only financed a portion of the library's renovation. Knight also established endowed chairs across the campus. In the fall of 2016, it

3402-424: Was a " Distinguished Military Graduate " . As a middle-distance runner at Oregon, his personal best was 1 mile (1.6 km) in 4 minutes, 13 seconds, and he won varsity letters for his track performances in 1957, 1958, and 1959. In 1977, together with Bowerman and Geoff Hollister, Knight founded an American running team called Athletics West . Before Blue Ribbon Sports—later Nike—flourished, Knight worked as

3465-561: Was announced that Knight will donate $ 500 million to UO for a new three-building laboratory and research science complex. This donation was part of a series of large higher-education gifts. Knight contributed towards the Moshofsky Center, which opened in 1998. In August 2007, Knight announced that he and his wife would be donating US$ 100 million to found the UO Athletics Legacy Fund to help support all athletic programs at

3528-504: Was born on February 24, 1938, in Portland, Oregon , to Bill Knight , a lawyer turned newspaper publisher, and his wife, Lota Cloy (née Hatfield) Knight. He grew up in the Portland neighborhood of Eastmoreland , and attended Cleveland High School . According to one source, "When his father refused to give him a summer job at his newspaper [the now defunct Oregon Journal ], believing that his son should find work on his own," Knight "went to

3591-543: Was formally inducted on September 7, 2012. In 1989, Knight received the Golden Plate Award of the American Academy of Achievement . For his "contributions to business, corporate and philanthropic leadership", Knight was elected to the 2015 American Academy of Arts and Sciences membership class. In 2020, the university polled alumni and fans on social media, asking them which four UO alumni they would place on

3654-507: Was given an undisclosed amount of Nike stock for her contribution to the company's brand. On the Oprah television program in April 2011, Knight claimed he gave Davidson "a few hundred shares" when the company went public. At Nike, Knight developed personal relationships with some of the world's most recognizable athletes, including Michael Jordan and Tiger Woods . Following mainstream success in

3717-624: Was inducted into the Oregon Sports Hall of Fame for his Special Contribution to Sports in Oregon. At the time of his induction, he had contributed approximately US$ 230 million to UO, the majority of which was for athletics. On February 24, 2012, Knight was announced as a 2012 inductee of the Naismith Memorial Basketball Hall of Fame , as a contributor . The Hall recognized him as the driving force behind Nike's huge financial support of U.S. basketball and its players. Knight

3780-567: Was named the Marcus Mariota Sports Performance Center and includes motion capture systems, neurocognitive assessment tools, 40-yard dash track, and steam machines made by Nike to help athletes break into their footwear more quickly. In 2021, Knight helped to fund the renovation of Hayward Field , a track and field stadium at the university. The project was estimated to cost $ 270 million, although Knight's total contribution remained private. Knight's contributions to

3843-642: Was previously its chairman and CEO. As of December 2023, Forbes estimated his net worth at $ 45.0 billion. He is also the owner of the stop motion film production company Laika . Knight is a graduate of the University of Oregon and the Stanford Graduate School of Business . He was part of the track and field club under coach Bill Bowerman at the University of Oregon with whom he would later co-found Nike. Knight has donated hundreds of millions of dollars to each of his alma maters , as well as Oregon Health & Science University . He has donated over $ 2 billion to these three institutions. Phil Hampson Knight

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3906-470: Was the result of a partnership between Knight and former Oregon athletic director Pat Kilkenny. Although Knight didn't pay for the project directly, he established a $ 100 million "Athletic Legacy Fund." The fund supports the athletic department. Named after Knight's deceased son, the venue replaced the McArthur Court building and cost over US$ 200 million to build. The facility was built using bonds backed by

3969-522: Was then promoted into the roles of Laika CEO and president. In May 2004, two years after Knight bought Vinton, his son Matthew, aged 34 years, traveled to El Salvador to film a fund-raising video for Christian Children of the World, a Portland nonprofit organization . However, while scuba diving with his colleagues Vincenzo Iannuzzelli and Robert McDonell in Lake Ilopango , near San Salvador , he died from

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