Olympic Legacy

I just heard on the radio today that Beijing's famous “Bird nest” stadium is becoming a white elephant for which no good use is being found and that the $400 million building cost the Chines $11 million in yearly maintenance.

This is just symptomatic of the IOC is losing control on the cost and character of its institution. In many ways, the organization has become too bloated and too crusty to be capable to re-invent itself and stay clean as it moves along.

 Monetizing everything it does it also one key reason behind its current greedy and controlling management style and – mark my words – upcoming demise...