NIKE, Inc. was incorporated in 1968 under the laws of the state of Oregon. Nike history is associated with the name of Phil Knight, a mediocre middle-distance runner from Oregon State University team. In 1968, in partnership with his sports coach Bill Bowerman, Phil Knight founded the company that became famous worldwide under the brand name of "Nike" (nikebiz.com). The audit firm of Nike is Earnst &Young that oversees the Nike's activities abroad. The company is listed on the stock exchange of New York Pacific with the Ticker Symbol of NKE (nikebiz.com).