Knight's 35% stake in the company, has a recent net worth of US$7.4 billion which makes him the 22nd richest American.
Knight stepped down as the company's CEO and President on December 28, 2004, instead taking the position of chairman. He was replaced by William Perez, current CEO of S.C. Johnson & Son, Inc.
Philip asserted his right to tax the clergy for the defense of the realm, thus making permanent a special tax permitted by the popes for support of crusades.
The conflict was revived by the arrest and condemnation by the king’s court (1301) of Bishop Bernard Saisset.
Philip, in retaliation, convoked the nobility, clergy, and commons in the first French States-General (1302–3) to hear a justification of his course of action; and Boniface issued (1302) the bull Unam sanctam, an extreme statement of his right to intervene in temporal and religious matters.
Knighthood was becoming an inherited order and the costs of maintaining a knight's status were on the increase - a campaign to a foreign land reportedly rich in gold, silver and precious jewels stirred images of rich ransoms, booty and the prospect of being paid to fight, a growing occurrence despite the prevailing feudal obligations.
A knight who decided to embark on a Crusade officially became a Crusader after swearing to enter Jerusalem and pray at the Holy Sepulchre, where Jesus is thought to have been buried.
Exposure to the outside world and knights from other parts of Europe broadened their outlook, fueled nascent senses of national identity and strengthened the identity of the knight as holy warriors, whose role was sanctioned by the all-powerful Church as milites Christi, or knights of Christ.
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