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Magic Johnson says not signing with Nike as a rookie cost him $5 billion: He ‘didn’t even know what’ stocks were

Por: MarketWatch Politics August 11, 2023

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This, ultimately, was a $5 billion decision, Johnson told Showtime’s “All the Smoke” podcast. In that recent interview, Johnson recalled his rookie season with the Los Angeles Lakers in 1979, and how he was courted by three shoe companies: Converse, Adidas and Nike . So how did he choose which one to team up with? He went with the brand paying the most upfront. “Converse offered me the most money. So, you know, when you grow up broke,... + full article



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