Following a report regarding Joe Paterno's knowledge and cover up of child abuse at Penn State University, Phil Knight released this statement.
"Other than my parents, my college coach, Bill Bowerman, was the biggest influence in my life. Bill Bowerman and Joe Paterno shared some great qualities. Throughout Joe Paterno’s career, he strived to put young athletes in a position to succeed and win in sport but most importantly in life. Joe influenced thousands of young men to become better leaders, fathers and husbands.
According to the investigation, it appears Joe made missteps that led to heartbreaking consequences. I missed that Joe missed it, and I am extremely saddened on this day. My love for Joe and his family remains."
– Phil Knight, Co-Founder and Chairman of the Board, NIKE, Inc.