Under Armour Launches New Shoe, With A Little Help From Tom Brady, Lindsey Vonn and Kemba Walker
Shares of Kevin Plank's Under Armour have been on a tear since bottoming out at approximately $12 per share in March 2009. With shares changing hands in the mid-eighty-dollar range as of February 2012, Under Armour's performance has finally propelled the upstart Nike challenger to billionaire status. Plank founded Under Armour in 1996 at age 23 after experiencing firsthand how a drenched cotton t-shirt could slow an athlete down as a member of the University of Maryland football team. After producing his first moisture-wicking prototype during his senior spring, Plank opened up shop in the basement of his grandmother's D.C. townhouse, financing the enterprise with the proceeds from a flower distribution business he ran in college and help from several credit cards. In the early days, Plank served both as Under Armour's CEO and the young company's entire sales force, selling his synthetic shirts to teams up and down the eastern seaboard out of his Ford Explorer. Things have come a long way since; Under Armour generated revenue of nearly $1.5 billion in 2011. [...] more
[...] more>>
Jets fans would boo puppies. [...] more>>
You don't need to report on billionaire entrepreneurs to see that Caine Monroy exhibits the best traits of the best ones. Here's why we expect to find Caine on our list a few decades down the road. [...] more>>
Europe and Asia represent the best growth strategy for the company, which has a current market cap of roughly $5 billion. [...] more>>
On this year's world billionaires list, fashion and retail sat at all other industries due to increased consumer shopping and rising confidence [...] more>>
[...] more>>
Designer Tory Burch, race car driver Michael Schumacher, and Spotify's Daniel Ek are among 13 up-and-comers to watch. [...] more>>
| Salary | $26,000 |
| Bonus | $0 |
| Restricted stock awards | $0 |
| All other compensation | $3,417 |
| Option awards | $0 |
| Non-equity incentive plan compensation | $1,100,000 |
| Change in pension value and nonqualified deferred compensation earnings | $0 |
| Total Compensation | $1,129,417 |
| Number of shares owned | 100 |
