The Pearl District penthouse of former Nike chief executive John Donahoe will hit the market Wednesday for $4.5 million, a starting price that shaves more than $2 million off its 2019 value.

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The shoe and apparel company is going through a transition of its own. CEO John Donahoe stepped down earlier this month after a steady stream of weakening sales and a slumping stock price.

The town is home to several notable tech billionaires and CEOs, including Reid Hoffman, co-founder of LinkedIn; Vinod Khosla, co-founder of Sun Microsystems; and John Donahoe, the current CEO of ...

The shoe and apparel company is going through a transition of its own. CEO John Donahoe stepped down earlier this month after a steady stream of weakening sales and a slumping stock price.