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Thread: Follow the money.

  1. #1
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    Default Follow the money.

    This is an older article (2005) from one of the local weeklies - but it's a good read.

    http://www.sfweekly.com/2005-09-07/news/tour-de-farce/
    steve cortez

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    Default Re: Follow the money.

    Wow - I missed this article when it came out atmo.

    So much pathetic-ness, so little time.

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    Default Re: Follow the money.

    I love how people dismiss French journalism...whether it is dopage or WMD, it seems we are quick to dismiss the Frogs.

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    Default Re: Follow the money.

    "To me, this is an issue for the French people. They seemed very concerned about it, and frankly I don't care what they think. And I don't think Lance does either," Reuters quoted USA Cycling COO Steve Johnson as saying last week. "This is just a publication in a French tabloid newspaper. That's our perspective."

    Ugh that guy makes my blood boil. I cut up my USA Cycling license years ago.

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    Default Re: Follow the money.

    $12 million in savings/assets over at USA Cycling ..... ugh they are such weasels. Non profit my ass.

    Nonprofit Report for USA CYCLING INC

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    Default Re: Follow the money.

    Quote Originally Posted by simple View Post
    $12 million in savings/assets over at USA Cycling ..... ugh they are such weasels. Non profit my ass.

    Nonprofit Report for USA CYCLING INC
    Looking at the filings from 2008 to 2010 (where you can also see 2007), net assets as a % of annual expenses ranges from 95% to 125%.
    I don't know the financial mechanics of too many non-profits, but I wouldn't call that an unreasonable working capital cushion, really.
    $3.6M in total comp, and ~50 people listed on their staff page (who knows the F/T vs P/T breakdown) but I doubt anyone's getting rich here.

    Not saying there's no flaws to this organization, but that doesn't seem to be one of them, particularly as regards something like the Komen Fdn mess, etc.
    my name is Matt

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    Default Re: Follow the money.

    Det. Lester Freamon: You follow drugs, you get drug addicts and drug dealers. But you start to follow the money, and you don't know where the fuck it's gonna take you.

    Freamon.jpg

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    Default Re: Follow the money.

    Quote Originally Posted by zetroc View Post
    This is an older article (2005) from one of the local weeklies - but it's a good read.

    Tour de Farce - Page 1 - News - San Francisco - SF Weekly
    Hell yes. The story behind the story that nobody wanted to hear.

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    Default Re: Follow the money.

    Quote Originally Posted by the bottle ride View Post
    I love how people dismiss French journalism...whether it is dopage or WMD, it seems we are quick to dismiss the Frogs.
    im not sure what you mean...look at my avatar.
    "make the break"

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    Default Re: Follow the money.

    Wow,
    There's still hope for journalism here. Thanks for the link.

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