Casey Wasserman Takes Over L.A.'s Olympics Bid Boston Mayor Weighing Potential Olympic Bid World Cup Brings Optimism For '16 Rio Games SI.com Sets Traffic Record With LeBron Story Jenkins Details How He Got The LeBron Exclusive LeBron Lauded For Way He Announced Move John Fish Touts Boston As Olympic Host City Minding My Business With Paul Fichtenbaum Construction Costs A Concern For Tokyo Games SI To Launch Redesigned Digital Presence
Upcoming Conferences and Events
HOUSE OF PAYNE: ACOG CEO PROFILED IN SPORTS ILLUSTRATED
Published January 5, 1996
ACOG CEO Billy Payne is the subject of a cover story in this week's SPORTS ILLUSTRATED. Donald Katz examines Payne's efforts to impress the IOC into awarding Atlanta the '96 Games and his efforts to get sponsors to put up money to stage the Games. When asked how he would get major companies to contribute money just for domestic rights, Payne simply replied, "Well, sir, we're going to talk 'em into it." In addition to the TOP sponsorship money, nearly $500M has been raised domestically. In addition to financial contributions, Payne has companies contributing executives and in-kind services. On his controversial large salary, Payne notes that most of it goes to retire the $1.5M loan he took out in '87 to begin his lobbying to land the Games. He drew no salary for 3 1/2 years. Payne, on the $669,112 salary: "40 percent goes to taxes, and a third of it goes to retire that million and a half in debt. At the end of the Games I will still owe $572,000 ... and everybody still gives me a rough time" (SI, 1/8 issue).