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Re: Deep pockets
by funuvit
I am not speaking merely of Romney's money as an indicator of his success, but how he earned it. He is known for taking failing ventures and organizations and turning them completely around. Just one example: With the chaos that the 2002 Olympics was in, he stopped the finger-pointing and just rolled up his sleeves and solved it. Riddled with debt and scandal and just months from 9/11, he pulled off the most successful Olympic games ever. The event was running $379 million short of its revenue benchmarks. The Games were also damaged by allegations of bribery involving top officials, including then Salt Lake Olympic Committee. Romney was hired as the new president and CEO of the Salt Lake Organizing Committee. Romney revamped the organization's leadership and policies, reduced budgets and boosted fundraising. He also worked to ensure the safety of the Games following 9/11 by coordinating a $300 million security budget. Despite the initial fiscal shortfall, the Games ended up clearing a profit of $100 million, not counting the $224.5 million in security costs contributed by outside sources. Romney contributed $1 million to the Olympics, and donated the $825,000 salary he earned as President and CEO to charity.
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