Quote:
Originally Posted by DiracSpike
Semantics. The IOC is enriching themselves from the olympics, you'd have to be about 20 different kinds of naive to believe otherwise. Corporate sponsorships and broadcast contracts are in the billions. Here's an illustration of their HQ in Lusanne Switzerland, doesn't seem like a quaint non-profit operation.
|
People don't understand what revenue, profit and expenses mean.
My company makes a million dollars in revenue.
I pay myself a million dollars from the company. The company's profit is zero.
Boom, a non-profit.
#winning