Olympic sponsors call the shots

Article Abstract:

The balance of power in controlling the management of the Olympic games has shifted from the Olympic Committee, whose members accepted bribes from cities wishing to host the Olympics, to the corporate sponsors of the games. Corporate sponsors such as McDonald's, IBM, Coca-Cola, and Eastman Kodak spend millions of dollars to support the production and advertising of the games. Corporate sponsors are insisting guilty Olympic Committee members resign, and do not wish their corporate names to be associated with corrupt officials.

International, Management, Sports sponsorship, Olympics, Corporate sponsorship

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The earth movers

Article Abstract:

Rio Tinto, the world's largest mining company, reported a $US1.1 bil profit for 1998, a little less than 1997. The company benefited from the strength of the US dollar against the Australian dollar, since revenues are reported in US dollars. They saved $250 mil in labor and production costs in 1998, due to the skills of managing director of Australian operations Barry Cusack.

Officials and employees, Mining industry, Beliefs, opinions and attitudes, Rio Tinto Ltd., Cusack, Barry

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The new curiosity shoppe

Article Abstract:

The electronic shopping industry is growing in Australia despite customer fears about entering credit card numbers online. Electronic sales during Christmas 1999 were $US5 bil compared to $US1.1 bil in 1997. The electronic medium gives entrepreneurs who could not afford traditional start-up costs to create a wide variety of stores online.

Forecasts and trends, Electronic commerce, E-commerce, Online shopping, Online transaction processing

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