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Nike chief to give US$400m for Stanford scholars to address world problems

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"This is using education to benefit mankind . . . I jumped on it right away," said Mr Knight (above)

New York

PHILIP Knight, the co-founder and chairman of Nike Inc, said on Monday that he had pledged to give Stanford University US$400 million to recruit graduate students around the globe to address society's most intractable problems, including poverty and climate change.

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