Lloyd Ward resigned as CEO of the U.S. Olympic Committee (USOC) amid accusations of ethics code violations and mismanagement. (Ward Resigns).Lloyd Ward (pictured above) resigned as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the U.S. Olympic Committee (USOC) amid accusations of ethics code violations and mismanagement mis·man·age tr.v. mis·man·aged, mis·man·ag·ing, mis·man·ag·es To manage badly or carelessly. mis·man  age·ment n. . The former Maytag CEO had been under investigation for allegedly trying to help a company with ties to his brother land a deal to supply temporary power for the 2003 Pan American Games Pan American (Sports) GamesQuadrennial sports festival. The games, conceived in 1940 as an event for the nations of the Western Hemisphere, were first held in 1951. in the Dominican Republic. Following the investigation, Ward was stripped of his $184,800 bonus for 2002 for the violation. Ward was hired to replace Norm Blake in October 2001 after Blake resigned amid internal strife. Among Ward's accomplishments while in office were identifying additional revenue streams for the US0C and pushing for the admittance of women into Augusta National Golf Club Augusta National Golf Club, located in the American city of Augusta, Georgia, is one of the most famous and exclusive golf clubs in the world. Founded by Bobby Jones on the site of a former tree nursery, the club opened for play in January 1933. . |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion