Word: ioc
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...major company to pull out and sponsors such as Coca-Cola have remained on board, no new corporations have signed on as Olympic backers since the scandal broke. Now some observers believe that the rumbling set off by the Johnson & Johnson decision could turn into an avalanche if the IOC does not succeed in cleaning...
...What the IOC does next, however, will be the real determinant of its sincerity. Will the IOC be willing to make meaningful institutional changes? "Most committee members don't like the current reform idea of handing over the site selection process to a smaller group of officials," says Chua-Eoan. "Everyone wants to stay involved." A smaller group, however, could be more closely monitored and more systematically insulated from the current freelance operations of gift-giving and gift-taking. "Simply getting rid of a few people without changing the system will not accomplish much," says Chua-Eoan. "We need...
...business in the rest of the world. (In the United States, we have "soft money" instead.) Salt Lake, with its squeaky-clean reputation as a heavily religious community, had the misfortune of being the first city to get caught, the victim of intense, some say excessive, scrutiny from an IOC looking for answers. And the saddest part of the story is that the payoff effort wasn't even necessary: Salt Lake beat Quebec in the bidding by a landslide...
...ultimate blame must rest with IOC President Juan Antonio Samaranch, who has long ignored rumored improprieties, failed to enforce conflict-of-interest guidelines and through his own example fostered a bid system built on bribes and lavish gifts. Samaranch, who receives no salary from the IOC, has admitted that his extravagant lifestyle, one rivaled only by heads of state, costs the IOC, benefactors and host cities hundreds of thousands of dollars a year. (Others place estimates in the millions.) Samaranch has defended those gifts, saying they do not constitute a conflict of interest because he lacks a vote in selecting...
...determine the entire fate of economies with a few choice words. A man so influential and powerful cannot be accepting a $16,000 Samurai sword from Nagano or a $300,000 international peace prize from Olympic affiliates in Seoul. And he cannot do so without expecting the IOC rank-and-file to follow his example. The Barcelona gentleman should do what many have been calling on him to do: step down and accept responsibility for steering the Olympic movement in the direction it has taken under his leadership...