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In addition, many presidents—including Bill Clinton —have earned considerable income from public speaking after leaving office. [ 3][ 4] Harry Truman was among the poorest U.S. presidents, with a net worth considerably less than $1 million. His financial situation contributed to the doubling of the presidential salary to $100,000 in 1949. [ 5]
As the 1990s began, company sales reached $818.8 million, and LA Gear was third in athletic shoe sales behind Nike and Reebok. [2] Although its original lines were typically featured in high-end department stores, LA Gear shoes became easier to find in discount retailers.
A store in Rotterdam, Netherlands. Skechers was founded in 1992 by Robert Greenberg, who had previously founded LA Gear in 1983 (he stepped down as CEO of that company the same year he founded Skechers). Greenberg sought to focus on men's street shoes; Skechers' early products were utility-style boots popular in grunge fashion. [ 3]
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