It shouldn’t hurt the stock price I don’t think
Football and basketball are what matter
It shouldn’t hurt the stock price I don’t think
Football and basketball are what matter
Runner Person That Goes Slow wrote:
Wow! These are serious allegations. If true, it will certainly lead to his suspension or firing. If not true, it will still do damage to Max’s reputation.
Wow!
If found guilty, being fired would be of far lesser concern.
Suspicious runner wrote:
cramberrys wrote:
Great to see the feds so something. IAAF awarding USA Worlds 21’ without the bidding process is about as obvious Nike corruption as it gets. Hoping they catch them.
And than people are surprised why nobody is interested in Track & Field anymore.
I seriously doubt any corruption in Indy has anything to do with a lack of interest in track and field. And maybe the interest is pretty much the same it has been for a while.
Lead Foil Hat XVI wrote:
STEVE THE ADDICT^^^^^^""""-""""--'-"--^' wrote:
These greedy pigs in the administrative capacity all want to take the bag at the expense of the athletes. Screw them. He deserves to go down.
Correct! Who the F is Max Spiegal anyway and how is he even close to the right person to be running USATF. Did this dude ever even participate in track ever? How does someone so useless end up in a such a high position bankrolling off of the backs of real athletes? It is such a messed up rich people's world, it is sad.
Many NGB EDs/CEOs did not participate in the sport at a high level. The skills to be a CEO of a NGB are more aligned with the business end of things and marketing. If he ran track in high school, I am not sure that would make a bit of difference. Craig Masback was an elite level runner and is widely panned as being a bad CEO.
Lead Foil Hat XVI wrote:
rojo wrote:
and
My GOD. I agree. I feel asleep on the floor putting my son to bed but how in the world do you take time to comment on this but not put this 3 wide on the front page? I'm putting it there right now.
And I'm not hoping for a certain outcome - I want the truth to come out. Well, that's not totally true, I want change at the top as I think it's disgusting for a non-profit CEO to make that much.
Correct, it is gross. The top admins at USATF should not be making more than an average salary; may 50-80k per year depending on location. These people do not even have the merits to be making more than minimum wage yet here they are somehow bank-rolling off of poor athletes. Thanks for elevating this in the public eye.
Do you really think you could get someone to be the head of USATF for $80K? I mean you could, but is that a person with the skills to do the job? I doubt it.
I doubt many people on this board have any idea what actually is involved in running a NGB.
Do you really think you could get someone to be the head of USATF for $80K? I mean you could, but is that a person with the skills to do the job? I doubt it.
I doubt many people on this board have any idea what actually is involved in running a NGB.[/quote]
No, we don't
know what is actually involved with running a NGB. But if we're going to have a CEO who has no idea either, I'd rather be paying him/her $80,000 vs. $4,2000,000/year.
kmaclam wrote:
No, we don't
know what is actually involved with running a NGB. But if we're going to have a CEO who has no idea either, I'd rather be paying him/her $80,000 vs. $4,2000,000/year.
He is not making $4.2 million per year, that was an issue with the way they had to account for something in the taxes one year. $80,000 is not a reasonable salary for the job.
Other large NGBs and the USOPC are a better comparison. His base salary (which was around half a million, looks like it is now $700,000 or so) is more or less in line with other NGBs and the USOPC. It is his bonuses that push his compensation well over the norm. Off the top of my head, I think his total compensation has been ~$1.2 to $1.8 million per year, since the new Nike contract took effect.
I'll be shocked if Max ever faces criminal charges. He is a lawyer. He got the board to approve his compensation. I think he knows how to work the system and get away with things that other people consider questionable.
these things are usually bribery, criminal conflict of interest or bank fraud.
I'd guess there is some evidence that someone at USATF profited personally from the Nike deal, and took steps to hide the money trail in ways that add up to some sort of crime/fraud. Someone else at USATF probably blew a whistle and handed records over to los federales showing malfeasance.
I'm not sure what the legal consequences are if a USATF official broke her fiduciary responsibility to the organization. Maybe that figures in.
polevaultpower wrote:
kmaclam wrote:
No, we don't
know what is actually involved with running a NGB. But if we're going to have a CEO who has no idea either, I'd rather be paying him/her $80,000 vs. $4,2000,000/year.
He is not making $4.2 million per year, that was an issue with the way they had to account for something in the taxes one year. $80,000 is not a reasonable salary for the job.
Other large NGBs and the USOPC are a better comparison. His base salary (which was around half a million, looks like it is now $700,000 or so) is more or less in line with other NGBs and the USOPC. It is his bonuses that push his compensation well over the norm. Off the top of my head, I think his total compensation has been ~$1.2 to $1.8 million per year, since the new Nike contract took effect.
I'll be shocked if Max ever faces criminal charges. He is a lawyer. He got the board to approve his compensation. I think he knows how to work the system and get away with things that other people consider questionable.
Of course $80,000 is unreasonable. I was replying to that particular poster. And him receiving $4,200,000 in one year "was an issue" all right. I don't care that it was an accounting thing.
polevaultpower wrote:
I'll be shocked if Max ever faces criminal charges. He is a lawyer. He got the board to approve his compensation. I think he knows how to work the system and get away with things that other people consider questionable.
The excise tax associated with "excess compensation" is significant, but not criminal. Plus, if that sketchy deal with Max Siegel Inc - er Matchbook Creative - could likely be construed as additional compensation
Siegel’s background was at NASCAR. In 2008, the USOC made USATF add independent members to its board and he was selected. When Logan was fired a couple years later, the board named him the new CEO.
It is not unusual for a CEO of a major non-profit entity to get a few hundred thousand dollars in salary. It is unusual to get over $4 million.
When Masback left USATF in 2008, he was going to become CEO of Special Olympics but then Nike made a better offer. For what it is worth, Nike kept him from any further Involvement with USATF. For example, he was working on stuff in Europe for quite a while.
wejo wrote:
Suspicious runner wrote:
In what world are you living in?
I said hopefully.
I don’t know that’s the case.
I’d prefer to know the group running our sport and it’s #1 sponsor weren’t doing stuff illegal. It’s like saying ‘I hope the investigation into city hall finds nothing’
So I guess illegal is not okay with you, but immoral is?
You and your brother allow so much immoral stuff in these boards you really have no moral position/veracity at all.
Just read your thread titles at the dishonesty, racism, immoral, un-Christian attacks on different parties, races, gender affiliations.
How many thousand times have people referred to theses boards as a cesspool?
Your moralizing here is always dubious - both you and your brother have admitted to using fake names to troll your own message board - and tweak traffic for profit - not very moral, even if technically legal.
I imagine you won't finally clean up this community until your own start to children tell you how disgusting it is at times.
And to be clear, Max and Nike, and all other stakeholders in our sport should operate legally and morally.
is this case update?
It's a back burner issue now that rumors are flying all over the place that Netflix, Apple, Microsoft, Google are absorbing IOC, NFL, etc. into their in-person West Coast streaming operations.