Friday, July 23, 2010

Bottom to TOP

The economic recovery may best be described as "fragile," but yet another sign of progress will become apparent on Wednesday. That's when Procter and Gamble is expected to become the newest member of the International Olympic Committee's TOP sponsor roster in London, site of the 2012 Summer Games.

VANOC could have used such an alliance. It had to buy a heckuva lot of toilet paper, shampoo and soap for the Olympic Village. Ivory Soap and Colgate toothpaste, and Hain Celestial's Jason and Avalon Organics products were on the shelves of the general stores at the athletes' villages.

Meanwhile, Cinncinati-based P&G was already in Vancouver as a U.S. Olympic Committee sponsor. It took over the Simon Fraser University Wosk Centre for Dialogue and transformed it into the P&G Family Home for athletes and relatives from the Excited States. It included a Pringles Room, Tide Laundry Centre and Pampers Village kids play area.

The IOC doesn't release details of the TOP program, but it's believed to be in the neighbourhood of $100 million per Games. The IOC paid VANOC $22 million in compensation after it failed to add two sponsors to the list of nine. The decrease in global activation hit VANOC hard. When the IOC made its bailout offer, the governments of Canada ($30.7 million) and British Columbia ($50 million) also bucked up with bailout funds.

On July 16, Dow became a sponsor through 2020. Dow was a VANOC sponsor and would have become a global sponsor sooner had the recession not happened. Environmental sustainability is the IOC's third pillar, after sport and culture. Dow walks a fine line. Many environmentalists are quick to remind those who listen that Dow bought Union Carbide. A December 1984 leak at the company's Bhopal, India pesticide factory killed almost 3,800 people, according to a government estimate. More than half-a-million people were injured. Dow claims no responsibility because it had no stake in Union Carbide at the time. It was a disaster waiting to happen, according to investigators.

Another disaster waiting to happen, according to the New York Times, was that British Petroleum oil rig in the Gulf of Mexico. The biggest waterborne environmental catastrophe in United States history involves a company that became a U.S. Olympic Committee sponsor before Vancouver 2010. BP is also an official sponsor of London 2012. Rogge said that it would be welcome to remain, so long as there is no proof that the oil rig disaster was caused by negligence.

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